• Zhou Yanling: What to do after the sharp decline of Bitcoin and Ethereum on July 26? Today's latest trend analysis, forecast, and strategy

67000 has already been able to serve as the secondary high of this trend. To put it bluntly, looking at the equivalent decline, the final target of this decline is likely to be 63400. Of course, whether the process will be repeated or whether there will be a particularly smooth sharp decline again depends on the strength of the market itself. Yanling looked at the relevant asset linkage yesterday, and it's actually quite strange. Whether it's the European and American stock markets or the Asia-Pacific region, they are basically all sharply declining, including the US dollar and the USD/JPY. It seems like everything is falling. This kind of situation may be terrifying for other areas of the financial industry, but for the currency circle, this kind of decline is not unusual.

So, for now, let's take 63400 as the target of this decline. Don't forget there is a support in the middle, which is 64300, because this is the second round of the previous rise. Breaking this level means that the market is going to enter a deep V reversal. The overall rise from 63000 to 66000 is also beginning to turn into another adjustment. The market is always made slowly. Yanling does not recommend going short at 65000 again. On the contrary, if the price can stabilize above 65400 today, I would prefer to wait for the opportunity to pull back and go long.

Bitcoin operation strategy on July 26:

1. Long at 64400-64800, stop loss below 64000, target 65600-66100, continue to look at around 66800
2. Short at 66200-65800, stop loss above 66700, target 65100-64700

Ethereum operation strategy on July 26:

1. Long at 3110-3140, stop loss below 3080, target 3200-3240, continue to look at around 3340
2. Short at 3230-3200, stop loss above 3260, target 3100-3070, continue to look at around 2980

[The above analysis and strategies are for reference only. Please bear the risk on your own. The article review and release may have lagging strategies and lack timeliness. Specific operations are subject to Yanling's real-time strategy.]

This article is exclusively created and shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for more than ten years, mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV and other currency circle contract/spot operations. If you need to know more about real-time community guidance, consultation on getting out of trouble, learning chart reading skills, etc., you can follow the teacher's public account "Zhou Yanling" to find the teacher.

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