7.16 Wednesday

Good early morning, everyone!

During the lunch break, it was mentioned that the current market situation is mainly characterized by short-term high shorts and low longs oscillation without any news impact. There should be no directional bias. In the evening, if it rises high, the pullback will be quick, followed by a rebound, which is a typical sweeping pattern. Otherwise, I would be shouting to enter long or look short every day, considering the support and resistance levels before entering the market. Currently, after the main index pulls back, there is a third wave of small-level correction oscillation. Pay attention to the high point breakout situation for the next day in the early morning. If the rebound does not break, the small level will continue to correct, and we will see if it leads to a pullback at the larger level.

The Bitcoin currently retraces to the first target rebound during the afternoon, with the upward target looking at the intraday high near 1185. If it breaks this level, the key high for the next day will be around 1200-1205. A breakout at this position will officially end the third wave of correction; otherwise, the market will retrace again, and the downward targets will sequentially look at the two positions near 1152-1132.

The aunt is exerting strength, moving upwards and getting closer to the previous high. Currently, the rebound pressure is seen around 3080-3100. If it breaks through, we will look at the range of 3120-3160. If the upward movement does not break the first and second target, the market will correct, and the first support to watch below is around 3000. If it breaks, we will look at the intraday low positions around 2960-2930.

Silk Road suggestion summary: First look for a rebound upwards, then consider taking a short position near the resistance level and watch for a pullback. Adjust the entry and exit points based on real-time market conditions, and include a stop loss. #Gate 2025 Q2报告出炉