I. Market Review/Analysis and Bots Strategy Selection:

Bitcoin fluctuated last week, first rising and then retracing, with the weekly candle closing as a bearish candle with a long upper shadow. It is still a bearish candle after breaking new highs with increased volume, and the weekly pattern looks very ugly; however, ETH surged last week, with a weekly increase of over 26%;

The current market may continue to rise under the influence of inertia, especially ETH; historical data shows that in July, the net leveraged short position of ETH reached a historical peak, which could be an important reason for the recent surge in ETH. ETH had been performing weakly in the previous months and was referred to as a short-seller's ATM. There were too many people shorting ETH, and coupled with the previous thorough liquidation, the squeeze-up effect in this wave of rise for ETH is evident, and many short-sellers have become the fuel for ETH's significant increase.

From a specific point of view, ETH at $3740 is a dividing line. A drop below this level may lead to a short-term adjustment, with the upper resistance level in the short term at $3850 and an extreme position around $4000. However, whether there will be significant resistance and a large correction will still depend on BTC's performance.

Bitcoin's performance has been relatively average lately, after reaching a new high it has behaved like before: pulling back and fluctuating. In the short term, $115,000 is a dividing line; falling below it may trigger a significant pullback.

Overall, the upward momentum has not exhausted, but it is getting closer to a tailing market. The strategy suitable for the current market is: BTC spot Martingale + ETH spot grid.

2. Bots Practical Strategy Reference
Strategy Recommendation 1: Risky but strong, you can layout BTCUSDT spot Martingale.
How much to add to the position when it drops: 1.5%;
Maximum number of margin increases: 6;
Take profit ratio for each round: 2%;

Strategy Recommendation 2: The upward momentum is present but approaching a tailing market, you can lay out ETH/USDT spot grid.
Price range: $3560 - $4180;
Number of grids: 50
Expected strategy running time: July 21 - July 28;

Warm reminder: The above content is for reference only and should not be considered as investment advice. You can check more information to make reasonable investment decisions.

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