Gu Jingci: Bitcoin and Ethereum Evening Trading Strategy with Market Analysis (July 18)

Bitcoin/Ethereum has been trading sideways since the morning session, which is more of a continuation of the downtrend, suggesting further downside potential. The 4-hour chart shows a consolidation phase after a decline, with previous candlesticks featuring long upper shadows and high volume indicating heavy selling pressure. The current candlestick is a small bearish one, indicating continued market weakness. The daily chart shows a rapid pullback after a high-volume rise, forming a top pattern, followed by two consecutive large bearish candlesticks confirming the downtrend. Technical indicators on the 4-hour chart show both the DIF and DEA lines below the zero line, with the DIF line showing a recent upward trend towards the DEA line. The MACD histogram is converging, indicating a slight weakening of short-term downward momentum, but the overall market remains bearish. Evening trading recommendations: Short Bitcoin around 64200, add to short position at 65000, target around 62500; Short Ethereum around 1845, add to short position at 1875, target around 1780, with further downside targets around 61000 and 1740 if it breaks down.