Gu Jingci: Bitcoin/Ethereum traded with minimal volatility and extremely poor liquidity this week.

Last night, during the Bitcoin/Ethereum price surge, we again reminded investors to consider shorting near 1935 and 65300, and to add to existing short positions. The market has been largely consolidating this week, with minimal volatility, poor liquidity, and an unclear trend. Geopolitical tensions caused oil price fluctuations, pushing up inflation expectations and activating demand for gold as a safe haven. Unexpectedly weak US non-farm payrolls in July severely impacted interest rate hike expectations, leading to a decline in both US Treasury yields and the US dollar. These two forces combined to push gold to its best weekly performance in seven months, while the cryptocurrency market continued its low-level rally followed by consolidation, showing little clear movement. The key focus going forward will be on the impact of next week's CPI data on the cryptocurrency market. Frankly, this narrow consolidation is incredibly demanding on patience. Many people lose patience in this kind of market and directly trade altcoins, especially those with higher volatility, making it even more difficult to control. We've been trying to trade some altcoins that have seen significant short-term price surges in the past few days, such as ADA reaching around 0.21 and UNI during its upward movement. However, trading these altcoins two or three times a month is sufficient; focusing too much on them won't yield good results. Currently, these two coins can be considered for short positions during their price rallies, with a sell order placed if the price breaks the high. With Bitcoin/Ethereum consolidating sideways, we can only be patient and watch for a pullback, especially given the upcoming data release next week, including the CPI data for July. Last month's surge in crude oil prices suggests rising inflation is inevitable. 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.