2026.7.7 Evening #btc #eth Market Analysis

The current market trend is relatively tangled, with high uncertainty. Fengye bottom-fished BTC around 61800 and ETH around 1730 at the low point in last night’s market, went long, and exited with profit near 63900—around 1790—during last night’s evening session. Fengye’s current view is that it’s not recommended to chase highs to go long. Today, the overall thinking is to attempt a short-term short approach. There is a high possibility of a pullback in the current market. There are also two possible scenarios for the current trend: one is that the five-wave structure marked by the green line completes, and then a three-wave pullback structure develops from the low point; the other is the yellow-line path in the chart, where the ABC correction ends and the downward momentum continues, and after a pullback there will be a new round of upside.

For the medium-to-long term, the suggestions are mainly to go long on dips, with going short on rallies as a supplement. The short-term outlook will be shared in the live broadcast room at 8:30 PM this evening. Friends who are confused about trading, come join the live broadcast room tonight—Fengye will take you through market analysis and chat with you.