7.16 Where are the key positions for the big pie? How should we layout today?
The driving force behind this rebound comes from the 14th’s CPI coming in far below expectations, but whether there will be continued inflows afterwards is still a question.
At the moment, the entire crypto market remains bleak—there is no independent trend. Market leadership is coming from the U.S. tech sector, led by storage names such as SanDisk and Micron. After a burst of enthusiasm, the market is now cooling off. Even the leading stock, SanDisk, has fallen by roughly 30%.
From the daily chart level of the big pie, at least it needs to hold above 64,000 to open up further room. In the intraday session it is making a mild dip, and the trend looks weak. For now, short-selling is the main focus. Keep an eye on how price behaves around 64,000.
In the live room, the 64,200 intraday short-term trade has already been set up in real time. Going forward, we will open new orders live every day—feel free to follow along. If you have any questions, please chat with us above!
The driving force behind this rebound comes from the 14th’s CPI coming in far below expectations, but whether there will be continued inflows afterwards is still a question.
At the moment, the entire crypto market remains bleak—there is no independent trend. Market leadership is coming from the U.S. tech sector, led by storage names such as SanDisk and Micron. After a burst of enthusiasm, the market is now cooling off. Even the leading stock, SanDisk, has fallen by roughly 30%.
From the daily chart level of the big pie, at least it needs to hold above 64,000 to open up further room. In the intraday session it is making a mild dip, and the trend looks weak. For now, short-selling is the main focus. Keep an eye on how price behaves around 64,000.
In the live room, the 64,200 intraday short-term trade has already been set up in real time. Going forward, we will open new orders live every day—feel free to follow along. If you have any questions, please chat with us above!