Market Analysis and Trading Recommendations for August 14th

Overall Environment: BTC is currently trading at $63,453, still in a seven-month downtrend, with extremely low trading volume and a lack of momentum for a rebound. ETH is also weakening, trading at $1,886. Macroeconomically, high US Treasury yields are suppressing risk assets, and August is historically seasonally weak. The strategy remains to sell on rallies. BTC Strategy: The 64,000-64,100 range is a key short-term resistance zone. A bearish view is maintained until a significant breakout occurs. It is recommended to place short orders in batches within the 63,600-64,000 range, with a stop-loss above 64,500. The first support level is 62,850 (today's low). A break below this level would open up further downside potential, targeting the 62,000 psychological level and further down to 61,300. ETH Strategy: Ethereum's price action is highly correlated with BTC, but its own rebounds are weaker. The 1,900-1,920 range is a densely packed area; short orders can be entered in this range with a stop-loss at 1,940. The short-term support level is at 1,864. If BTC breaks down, ETH is likely to follow suit, with targets at 1,840 and 1,820 respectively. Risk management points: In the current low-volume market, any breakout in any direction could be a false move; avoid chasing highs and lows. Our internal community provides precise entry and exit strategies; to follow them, check my profile QQ. There are no barriers to entry; you can view my previous articles for win rates.