7.24 Friday midday market analysis


The 65,000 whole-number level is tonight destined for a double kill of both longs and shorts. On the one-hour timeframe, moving averages are aligned bearishly; the MACD dead cross gap keeps widening, and the bearish trend is clear. Large amounts of long positions are piled up below 65,000, and the main force is certain to drive downward to liquidate this batch of positions—so it’s hard to say the market can stabilize.

Resistance overhead at 66,000-67,000 is taking heavy pressure. There is not enough momentum for a short-term push up. The bears are currently firmly controlling the market; price action will prioritize a sell-off over longs. Pullbacks aren’t a priority to consider right now. Overseas policy developments are also driving overall risk appetite, and the market is clearly being led by macro clues. Pay attention: when Friday’s tariff policy is implemented, it will bring intense volatility.

BTC trading suggestion: short around 65,300, add to the position at 66,000; stop loss above 67,000; take profit at 64,000-62,500.

ETH trading suggestion: short around 1,900, add to the position around 1,950; stop loss above 2,000; take profit at 1,820-1,700.
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天才交易员杰哥哥
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30D P/L Ratio
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AUM
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30D Win Rate
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LingnanAssetManagement
· 07-24 05:36
7.24 Friday midday market analysis
Tonight, the 65,000 integer level is destined to punish both long and short positions. On a one-hour timeframe, moving averages are arranged in a bearish order, the MACD dead cross is widening continuously, and the downtrend is clear. Below 65,000, a large amount of long positions have piled up; the main forces are likely to drive downward with downward “needle” liquidations to clear out these positions, and it’s hard to say the market will stabilize soon.
Heavy resistance sits above at 66,000–67,000; there is not enough momentum for a short-term surge. The current shorts are firmly controlling the market, so price action is more likely to kill longs on rallies; pullbacks are not included as a priority consideration for now. Overseas policy developments are also swaying overall risk appetite, and the market is clearly being guided by macro clues. Be aware that the implementation of Friday’s tariff policy will bring intense volatility.
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PeachBlossomsRedeemTheSpring
· 07-24 03:13
Hurry up and get on board! 🚗
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