Trader Gege: Analysis of Bitcoin and Ethereum Market from 7.5 to 7.6 The market for Huobi is reappearing. How to choose in the short term?

CN
3 hours ago

The trading market is ever-changing, and what changes rapidly is human nature. Since we have chosen this market, we must choose to face the complex human emotions head-on. Greed, fear, arrogance, pride, underestimation, blindness, regret~~~~~~ The market is a mirror that reflects the various facets of human nature.

Hello everyone, I am the trader Gege. Continuing from the last discussion, the weekend is approaching again, time flies, and we are already halfway through 2025, entering July. There is a saying in the crypto circle: "Five is poor, six is desperate, seven turns around." For bulls and spot traders, there should be great expectations for this saying. In this cycle, many people complain that the market is hard to trade, and even those who made profits exceeding A8-A9 in the last cycle have been brought back to reality. This is because the market has changed in this cycle; the experiences accumulated from previous cycles have been completely shattered. Many traders who have experienced several bull and bear markets have begun to doubt their trading systems, even feeling that they suddenly cannot trade anymore. Being educated by the market, recognizing oneself, and making changes are necessary to get back on track. All of this is normal; history is always remarkably similar but does not simply repeat itself.

Back to the main topic, let's talk about the technical market situation. Bitcoin has once again tested the resistance at the 110,000 level and has pulled back. The previous high resistance area is effective again. From a trend perspective, Gege estimates that if this upward attack ends, the probability of a new low being formed on the next pullback is very high, with the previous low around 98,000. If the pullback adjustment ends and another attack on the previous high is initiated, the probability of breaking through will increase. These estimates are not meaningful for substantial short-term operations but can provide some reference for spot and medium to long-term traders.

For short-term trading, since Bitcoin is still within the previous framework structure, we should rely on the previous support and resistance to participate. The upper boundary is currently defined by the high point, with a short entry in the range of 108,500-109,500, and a long entry around 106,000-105,500.

Regarding the daily trend of Ethereum, as long as the subsequent market cannot stabilize around the 2,700 level, it will test the 2,200 level again, and even new low support may appear. For short-term trading, a short entry can be made around 2,550-2,570, and a long entry around 2,450-2,420, with a re-entry at 2,330-2,300 if the level is broken. That’s all for today’s brief update; feel free to use these thoughts as reference.

The suggestions are for reference only. Ensure proper risk control when entering the market, and manage your profit and stop-loss space accordingly. Specific strategies should be consulted in real-time.

Alright, friends, we will say goodbye until next time. I wish everyone continued success and smooth sailing in the crypto world! More real-time suggestions will be sent internally. Today's brief update ends here. For more real-time advice on Bitcoin and Ethereum, find Gege.

Written by/ I am the trader Gege, a friend willing to accompany you in your resurgence.

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