0715 Bitcoin/Ethereum market report 📢📢📣📣

The price of Bitcoin experienced severe fluctuations after breaking through its historical high, with the technical landscape showing a game between "continuation of bullish trend" and "short-term profit-taking." The price of Bitcoin once surged to a historical peak of $123,100, setting a new record, but then quickly fell back to the range of $117,000-$118,000. If it can stabilize above the resistance level of $118,000, the short-term target looks towards $120,000 (a round number); the short-term support has moved down to $116,500 (a densely traded area) and $115,000 (20-day moving average). It is worth noting that there are approximately $52 million worth of short positions clustered around the area of $123,000. If it breaks through, it is expected to challenge institutional forecast targets of $125,000-$130,000, potentially triggering a large-scale short covering, creating a "short squeeze" effect.

Summary: Bitcoin is currently in a phase of resonant increase driven by institutional capital and policy dividends. Short-term volatility may intensify, but the medium to long-term upward trend remains unchanged. The breakout direction depends on the coordination of trading volume and macroeconomic catalysts. The current pullback is not driven by negative news, but mainly due to profit-taking. The appearance of local highs may lead to short-term consolidation or adjustment.

🔑🔑Operation Suggestions: 1. Long Strategy: Gradually buy in the range of $116,000 - $117,000, with a stop loss around $115,000 and a target of $121,000 - $122,000. 2. Short Strategy: Lightly short in the range of $122,000 - $123,000, with a stop loss at $125,000 and a target of $118,000 - $119,000.

2. The closing price of Ethereum is $3007, with a high of $3080 and a low of $2940, overall showing a fluctuating upward pattern. E-TH is currently constrained by the short-term resistance level at $3080; if it cannot effectively break through, the price may pull back to the support area at $2940. In the short term, the price has formed a rising wedge pattern on the 4-hour chart, which suggests that bullish forces are accumulating, but caution is needed for the risk of a rapid decline following a failed breakout at the upper boundary. The upper boundary of the wedge is currently around $3057; if this level is effectively broken, it may open a channel for an upward movement towards $3150. Conversely, if it unexpectedly falls below the lower boundary at $2940, it may trigger bullish liquidation and push the price back down to around $2850. The current price is within a wide fluctuation range between $2940 and $3080, and attention should be paid to the breakthrough situation at the key resistance level of $3080 in the long term.

📕📕Summary: Ethereum is currently in a short-term overbought state, but medium-term bullish signals are beginning to appear. Pay close attention to the breakout situation at the $3080 resistance level and the effectiveness of the $2940 support, while also closely monitoring the progress of the upgrade.

🔑🔑Operational Suggestions: 1. Bullish Strategy: Gradually buy in the range of $2940-$2960, with a stop loss near $2900, and a short-term target of $3040-$3060; if the price breaks above $3080 with increased trading volume, consider entering a light long position, targeting $3150, with a dynamic stop loss set at $3050. 2. Bearish Strategy: If it breaks below the wedge lower boundary of $2940 and RSI is below 40, consider shorting, with a target of $2850-$2830 and a stop loss set at $2975.

Special reminder: This article is for readers' reference only and should not be used as an investment basis!!!