Bitcoin and Ethereum Trading Recommendations and Future Trend Analysis (August 4)

Big Cake E-commerce Trading Suggestions and Future Trend Analysis (August 4th): The current market is in a range-bound state, with prices hesitating near the support level. There is a clear contradiction between short-term bullish sentiment and shrinking trading volume. Technically, the candlestick pattern shows a spinning top formation, which may indicate a pause or reversal in the downtrend, but this signal still needs further confirmation. Meanwhile, external fears and high Treasury yields have reduced the appetite for risky assets, increasing market uncertainty. In this context, the fearful market sentiment may lead to capital outflows, exacerbating price volatility. Although there is some bullish sentiment in the short term, the shrinking trading volume means that this upward movement lacks momentum. Investors should be cautious about the current market situation. Given that the current market is in a range-bound state (major premise) and the candlestick pattern formed a spinning top near the resistance level of 63775.1 (minor premise), an aggressive short-selling strategy near the resistance level is a high-probability choice that aligns with the current market sentiment (conclusion). Analyst Xiao Ma's Trading Diary Recommendations: Bitcoin: Short at the current price around 63800-64300, target 62500-62000. Ethereum: Short at the current price around 1870-1890, target 1820-1800.