7.11 Afternoon Thoughts

On the 4-hour level, Bitcoin and Ethereum have experienced narrow fluctuations after breaking through their highs, and they have now started to pull back. During the day, it is highly likely that the fluctuations will continue, and one could wait for prices to rise close to previous highs before taking action. However, even if there is a price increase during the day, it is not advisable to bet on new highs. Given that the market has repeatedly broken highs, chasing after long positions at this time is inappropriate. Previous long positions may see profits reduced due to a round of declines; after all, the greater the increase, the higher the risk.
Operation idea for Bitcoin: Short around the rebound of 118400-118950, directly looking down to around 107750.
Aunt's trading strategy: short around the rebound at 3030-3055, looking down towards 2815.