"Jiang Feng Trading Diary" Issue Eighteen
Yesterday's market review: Yesterday, BTC opened at a low of 63234 and made a brief rebound, reaching the 65391 line before quickly falling back. This coincidentally aligns perfectly with our high short strategy at 65300 from Issue Seventeen. I must say it is quite impressive; we have already completed the first target of reducing positions at 64300 and continue to play for more!

First, let’s talk about today's perspective: The high short strategy remains unchanged, participate lightly. Risk index: 🌟🌟🌟☆☆

📌 Ethereum: Short position near (1920～1940), add short near 1970～1990
🏁 Target 1880
🏁 Target 1850～1800
🏁 Target 1750～1690

📌 Bitcoin: Short position near 64700, add short near 65300～66000～66500
🏁 Target near 63500～63200
🏁 Target near 62500～61300
🏁 Target near 60500～59000

Next, let’s discuss the operating logic:

I believe the biggest focus remains on the Federal Reserve. Although interest rates are temporarily stable, what the market is really trading is whether the Fed will release a clearer signal of easing in the coming months.

On July 29, the FOMC meeting maintained the federal funds rate at 3.50%–3.75% with a 9:3 voting result, marking the fifth consecutive time of no action. However, three regional Fed presidents unanimously advocated for a 25 basis point increase, which is the first time since 2016 that three members have simultaneously advocated tightening monetary policy.

After the meeting, Waller reiterated the commitment to the 2% inflation target and did not provide any commitment to a rate cut ahead of time. The key point is not whether to raise rates in September, but whether market expectations heat up or come to naught. Currently, the market expects a high probability of more than 60% for a rate hike in September. Everyone should know that we are trading market sentiment and expectations; if the actual implementation does not lead to a rapid decline, it is very likely that the bad news has been fully priced in, and the realization of bad news might turn into good news.

From the current market perspective, there is significant resistance above. For Bitcoin, focus on the 64800～66000 area; the final defense line is in the 67000～68000 range. If it does not stabilize here, my high short strategy will not change at all! Therefore, everyone can participate lightly in the strategy above.

Recently, I noticed that the stocks have been performing quite impressively; SanDisk has risen from a low of 972 by over 47%, no wonder there is not much liquidity in crypto now; it seems everyone has gone to trade stocks?

I am wondering whether to analyze stocks together as well? I would like to hear everyone's opinions.

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