Gu Jingci: CPI data release on the evening of August 12th, with Bitcoin/Ethereum trading strategies and market analysis.

The strategy for Bitcoin/Ethereum, which involved multiple short-selling rallies, saw the price drop to around 63200 and 1850 in the early morning, maximizing the potential downside. Currently, the price is rebounding again, experiencing repeated fluctuations. Frankly, while there has been some volatility recently, the slow pace has sapped the patience of many. The CPI data release tonight, primarily reflecting last month's inflation, suggests a continued upward trend with potential for a pullback, given last month's oil price increases and ongoing US-Iran tensions. The 4-hour chart shows a rebound after finding short-term support in the early morning, but the upward momentum is weakening, with the latest candlestick being a small positive line with shrinking volume. The daily chart shows a large bearish candlestick with high volume followed by a weak rebound to correct the previous decline, but selling pressure remains. Technically, the DIF line is still below the DEA line, but the MACD histogram is showing a continued convergence of negative values, indicating weakening bearish momentum and a potential golden cross in the short term. The recent rebound has been accompanied by gradually shrinking volume, indicating insufficient buying power and raising doubts about the sustainability of the rebound. Trading suggestions: Enter short positions on Bitcoin around 64000, add to short positions at 64800, with targets around 61500 to 62500; Enter short positions on Ethereum around 1895, add to short positions around 1920, with targets around 1800 to 1830, and further targets at 65500 and 1950. 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.