The typhoon has arrived, and this one seems quite serious. Everyone, please pay attention to safety! Once it makes landfall, I expect we will have water and power outages here, so while it hasn't made landfall yet, let's talk about the market trends for the weekend in advance!

The recent market has been pulled back up again, forming a small double top pattern on the daily chart. Jiang Feng believes that the current market is still in a rebound phase rather than a reversal. The easing of the US-Iran situation and the inflow of ETF funds have acted as catalysts for a short-term rebound, but the downward trend on the daily chart has not yet been reversed. Bitcoin is still under pressure from EMA55 and EMA200, and the large structure of Ethereum remains bearish. Therefore, I personally still lean towards a high short strategy! However, let's also provide some stable strategies for the weekend, as the strategies of the past two days have been relatively aggressive, with little room for floating profit, and ultimately resulted in being wrong repeatedly!

From the daily chart perspective, the highs around 64700 on July 6 and the highs of yesterday form a small double top structure, which has become a resistance level in the short term. There is pressure from the EMA55 daily average line around 65800 above, as well as extension line pressure near 66000, and 0.618 resistance around 68000. The upper Bollinger Bands are opening upward, creating space for upward movement. This is not a friendly signal for the bears, so it is still necessary to leave enough room for a rebound before going short again, which is relatively prudent. Of course, this only represents Jiang Feng’s personal opinion. If you believe the market has already reversed, then just operate according to your own thinking. I am merely expressing my views, and there is a possibility of mistakes!

Bitcoin:

Short positions can be entered near the rebound of 66000–68000, with a stop loss to be controlled above 68600. Friends who cannot accept wide stop losses should reduce their position size or observe. The target should be around 64000–62200–61000, with extremes looking at 60500–60000!

Ethereum: Abandon resistance at 1830

Short positions can be entered near the rebound of 1855–1880–1910, with a stop loss above 1930, and targets focusing on 1780–1750–1710–1680.

The above strategy suggestions are still mainly for light positions. Recent market fluctuations have been unstable, and there is always a possibility of changing the situation at critical time points. So now we are only lightly positioned at key locations, taking controllable defenses to gamble on this! If we are headed in the right direction, we can hold long with a mobile stop loss; if the direction is wrong, we should promptly acknowledge the error and decisively cut losses to exit!

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