Preface: Investment has risks, and operations should be cautious.

 Article review takes time, publication delays may occur, the articles are for reference only, welcome to read!

 This article was written on: Beijing time July 6th 13:33

Market Information

1. The comprehensive index of pressure on Bitcoin miners has fallen to a new low of 2026, entering a historically undervalued range;

2. CME FedWatch indicates the probability of interest rate decisions in July and September;

3. White House officials say the Bitcoin and cryptocurrency market structure bill will soon be passed;

4. Citigroup Research states that the reasons for rate hikes have disappeared, expecting the Fed to restart rate cuts in October;

5. Bitget's capital inflow ranks in the top three CEXs across 24 hours, 7 days, and 30 days;

Market Review

Over the weekend, Bitcoin and Ethereum showed slight rebound fluctuations, with a small rise on Monday. As of now, Bitcoin's short-term rise price is around 63981, while Ethereum's short-term rise peak is around 1808;

Market Analysis

Bitcoin:

Looking at the 4-hour chart, Bitcoin has rebounded from the lower position around 57750 to near 63981. Currently, at the high point, it is near the pressure of the downtrend of 67280-57750. The previous downtrend was continuously breaking new lows, so we are not looking at breaking the high of 67280 at the moment. The overall trend still leans towards a strong bearish sentiment. The short position layout point mentioned earlier is around 63600, and for those who have entered, there is currently a slight profit. For those who have not laid out, entering around the current price of 63200 is also feasible, adding positions at 64600, with a stop loss at 66000 and a target still seeing the 60000-59000 range. After reaching this range, new layouts can be made according to the trend, so seize the entry opportunity; short-term trading, control risks, gains and losses to be self-managed;

Ethereum

Looking at the 4-hour chart, Ethereum rebounded to the pressure around 1780 and did not continue to rise, instead oscillating near the support. The previous short position layout point was around 1787, just as we got on board. The current trend is still at a high, and friends who have not made a layout can enter around the current price of 1775. You can add positions at 1870, set a stop loss at 1950, with the target first looking at around 1560. The strategy is basically not much different from before, seize the entry opportunity for yourself; short-term trading, control risks, gains and losses to be self-managed;

In summary:

Both Bitcoin and Ethereum can be shorted in the short term;

This article is time-sensitive, pay attention to risks, the above is only personal advice, for reference only!

Follow the WeChat official account Crypto Lao Zhao to discuss the market together;

The market is always more noise than signal, missed opportunities are not losses, profits after exiting no longer belong to you. Not all K-lines need to be participated in, a day without trading is not wasting time.

Not every market wave is satisfying, not every trade goes smoothly. That is just noise in the pursuit of profits. Compared to pursuing technical breakthroughs, I focus more on psychological development. Most people do not defeat themselves, but fall victim to the self that confines them in difficulties.

Even if life or trading is unsatisfactory, believe that there is light in the world, love in humanity. Even if there are small fortunes in life, embrace them with a smile. Only by overcoming oneself can the future market return unexpected surprises to you! Keep going, people in the crypto circle.

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