Phyrex|Jul 19, 2026 17:44
Right now, the trades I’m mainly focusing on are threefold. First is Bitcoin, primarily dual-currency trades. I’ve been buying low at $62,000 and selling high at $65,000. The chance to buy low seems gone, and selling high carries some risk, especially since the settlement is on Tuesday. As of now, breaking above $65,000 is a matter of momentum. What’s clear is that investor interest in bitcoin:native has been picking up recently. Even when U.S. stocks are dropping, Bitcoin has managed to maintain a decent performance.
Second, I’m shorting oil. This weekend, the main focus has been on oil. Although there’s been a significant pullback recently, my view on oil is that it’s unlikely to stay at high levels for long—it’s not in anyone’s interest. So, I’ll continue shorting at highs. Next week might be a critical period to see whether the U.S. or Iran caves first. But keep in mind, trading oil requires high margin.
Third, I’m occasionally trading SK Hynix and Hynix ADR. My main reference is 000660. If SK keeps dropping during Korean trading hours, I’ll short SKHYUSDT. This is relatively the most stable play—on one hand, it reduces the ADR premium, and on the other, Korea’s leverage is already too high. Right now, it’s a deleveraging process.
There aren’t any major macroeconomic data releases next week, so my personal focus remains on the U.S.-Iran conflict, as it directly impacts U.S. inflation trends. Dragging this out is very unfavorable for the U.S. Secondly, I’ll be watching the deleveraging in the Korean stock market. Of course, this might take some time, as there’s always a lag in data. That’s why I’m using small positions for SK or ADR trades.
From my perspective, Bitcoin is still looking very healthy. The key focus now is waiting for the midterm elections.
@Gate Crypto, U.S. stocks, Hong Kong stocks, Korean stocks, gold, CFDs, prediction markets—all-in-one trading platform.
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