7.16 Strategy Recommendations

Macroeconomic Background: US June PPI data was lower than expected, and market expectations for a Fed rate hike in July fell to about 10%, leading to a recovery in risk appetite. On July 14, US spot Bitcoin and Ethereum ETFs saw net inflows of $239 million, with Ethereum funds seeing inflows of $58.34 million. Market Status: Yesterday, ETH was stimulated by positive news, rising rapidly from around 1880 to a high of 1946, before pulling back and consolidating. Currently, it is fluctuating between 1915 and 1925. The 4-hour chart shows consecutive bullish candles breaking through the consolidation platform, indicating the initial formation of an upward structure; however, short-term bullish momentum has weakened, with profit-taking occurring at higher levels. Key Levels: Resistance levels: 1930-1940 (first resistance), 1946-1955 (strong selling pressure zone); Support levels: 1905-1915 (dynamic support from moving averages + dense trading area), 1885-1895 (bullish structure defense line). Strategy Recommendation: Consider buying in batches with small positions around 1905-1915, with a stop-loss below 1890. The initial target is 1930-1940, with a further target of 1946-1955 if it breaks through. Currently, 1920 is a resistance level, and chasing the price higher has a poor risk-reward ratio; patiently wait for a pullback confirmation. A decisive break below 1885 would damage the bullish structure, requiring immediate stop-loss exit. Our internal strategy group is continuously providing trading signals; there are no entry barriers to copying. Add me on my QQ (on my profile page) to join a free discussion group. Those unsure of their direction are welcome to join and exchange ideas.