周彦灵: The latest trend analysis and operational strategies for Bitcoin and Ethereum on July 2

It is strongly recommended to trade cautiously in the near future. Although there won't be a major market movement, it would be uncomfortable to be caught off guard. Yanling only considers the bullish aspect of the current coin price. As for the bearish side, it is not being considered for the time being, especially since it just experienced a 6000-point drop. Although it did not continue to fall, the enthusiasm still exists, especially with the PCE data on Friday, which, despite being the same as expected, still cooled by 0.2% compared to last month. This is a very clear bullish signal. Just look at the market's reaction, and you will know that the market has raised expectations for a rate cut by the Fed this year. Based on this result, the coin price should rise. However, as for why it surged and then fell back, this is actually the recent norm in the market. Yanling has said many times that expectations of a rate cut are no longer the fundamental factors we should simply pursue, because whether it's an increase or decrease, it cannot cause too one-sided emotional fluctuations in the market, whether it's non-farm payrolls, CPI, PCE, or even interest rate decisions.

The extreme upward fluctuations this year are due to the pricing of this year's rate cut expectations, which have already ended. The afterglow is that the Fed has nothing new, and in Yanling's view, the only possibility for the coin price to rise again is if the US economy deteriorates completely at this stage. I'm not talking about a temporary slowdown, but a collapse, which would drive safe-haven behavior to push Bitcoin up again, or if the economy remains weak after the rate cut. However, if the economy stabilizes after the rate cut, the next trading phase will be an economic soft landing, and holding Bitcoin will only become riskier and more costly. This is the macro perspective, but let's not bother with it, because it is of no use to current trading.

This Friday will be the non-farm payrolls report. Usually, we emphasize positioning and trading in advance, but Yanling believes that there is no need to rush with the current coin price. This kind of low-level repair rebound trend not only requires timely withdrawal, but also has very high entry requirements. However, from a short-term perspective, the next operations will be relatively easier. It is expected that on Tuesday morning, there will be a continuation of Monday's strength, followed by a wave of further upward movement. Then, it is expected to be suppressed and fall back a bit near the first resistance level of 64600. Therefore, the short position for today is also very clear. Those who previously held low long positions can continue to hold and look towards 64600, then steadily take profit, and then assess the strength of the suppression around 64600 before deciding whether to enter a short position.

Bitcoin operational strategy on July 2:

1. Long at 62500-62900, stop loss below 62000, target 64100-64600
2. Short at 64500-64000, stop loss above 64900, target 63300-62800

Ethereum operational strategy on July 2:

1. Long at 3420-3450, stop loss below 3390, target 3520-3550
2. Short at 3560-3520, stop loss above 3590, target 3480-3440

[The above analysis and strategies are for reference only. Please bear the risks on your own. The article's review and release may have delayed strategies and lack timeliness. Specific operations should be based on Yanling's real-time strategies.]

This article is exclusively authored and shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for more than ten years, mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other coin contract/spot operations. If you need to know more about real-time community guidance, de-risking consultations, and chart reading skills, you can follow the teacher's public account "Zhou Yanling" to find the teacher.

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