Gu Jingci: Bitcoin/Ethereum Trading Strategy with Market Analysis (August 27)

Bitcoin/Ethereum has seen multiple rallies and pullbacks in recent days, followed by further rallies. Ethereum, in particular, has exhibited relatively good overall volatility, while Bitcoin's overall trend has been weaker, with limited rebound strength. The 4-hour chart shows recent small-bodied bearish candles accompanied by significantly reduced trading volume, indicating weakening short-term upward momentum and a consolidation or minor pullback phase. The daily chart shows low trading volume, suggesting a gentle correction after the strong gains of the previous days. The August 25th daily chart closed with a long lower shadow bearish candle accompanied by high volume, indicating strong buying support below. The 4-hour technical indicator shows the DIF line crossing below the DEA line, forming a death cross, and the MACD histogram is negative, indicating weakening short-term upward momentum and a risk of pullback. The significant reduction in daily trading volume confirms the nature of the short-term correction. Furthermore, the high-volume rallies or declines on August 21st, 24th, and 25th indicate high market activity and intense competition between bulls and bears. Trading suggestions: Enter a short position on Bitcoin around 78700, add to the short position at 79500, with a target around 77000; Enter a short position on Ethereum around 2490, add to the short position at 2510, with a target around 2410. Other targets are 80000 and 2540. This analysis and strategy are for reference only; please bear your own risks. The article's review and publication may not be timely; please refer to real-time information.