Gu Jingci: Short positions in Bitcoin/Ethereum continued to be profitable after the price surged on July 25th; more short positions will be entered during the evening rally.

During the earlier surge in Bitcoin/Ethereum prices, many were bullish, while we maintained a firm bearish stance, repeatedly shorting and capturing over 4000 points and a 120-point gain. Currently, the price is consolidating after the decline, with relatively small fluctuations, suggesting a continuation pattern after the downtrend. The 4-hour and daily charts show a clear downtrend, especially with the large bearish candle on the daily chart confirming the bearish momentum. The current 4-hour chart shows a slight rebound after the sharp drop with high volume, but the volume is shrinking, indicating weak buying pressure. Technically, the MACD indicator shows both the DIF and DEA lines below the zero line, with the DIF crossing below the DEA, and the MACD histogram is negative and expanding, indicating a strong bearish trend. Insufficient buying power means the current slight rebound lacks momentum. Both the 4-hour and daily charts show a clear downtrend, and short-term rebound momentum is weak. Evening Trading Suggestions: Short Bitcoin around 64200-64500, with a target of 61500-62500; Short Ethereum around 1870-1880, with a target of 1780-1820. Analysis and strategies are for reference only; please bear your own risks. Article review and publication are not timely; please refer to real-time information.