Gu Jingci: Bitcoin/Ethereum short positions closed as expected on July 17th; continue shorting on rebounds.

Yesterday, we repeatedly advised shorting Bitcoin/Ethereum, specifically suggesting adding to winning positions if Ethereum broke through 1860. The price subsequently fell to around 62600 and then 1820, maximizing the downside potential. Currently, the price has rebounded slightly after this dip, but the strength is limited, and the trend remains one of a rally followed by a decline. The 4-hour chart shows several large bearish candles, indicating strong selling pressure and a short-term downtrend. The daily chart shows two consecutive large bearish candles, forming a bearish reversal pattern and suggesting a short-term top. The 4-hour MACD indicator shows both the DIF and DEA lines crossing below the zero line, with the DIF line continuing to diverge downwards below the DEA line. The MACD histogram is negative and expanding, indicating a strong bearish trend and ample downward momentum in the short term. There is still room for further decline, and the two consecutive bearish candles followed by a rebound on the daily chart provide another opportunity to short. Evening trading suggestions: Continue to short Bitcoin around 63300 to 63800, with a target of around 61000 to 62000; Continue to short Ethereum around 1840 to 1860, with a target of around 1760 to 1790.