Market Analysis and Strategy Recommendations for August 4th

Our internal community is on a winning streak. To follow our trades, check my profile QQ. There are no entry barriers. Today's BTC/ETH short-term strategy: Current price levels: BTC 63,540, ETH 1,858.08. Key news: The Federal Reserve maintained interest rates at 3.50%-3.75%, but the probability of a September rate hike rose to 70%; $256 million in liquidations occurred across the network in the past 24 hours, with short positions being liquidated more than long positions (short pressure); Middle East geopolitical risks are suppressing risk appetite. --- BTC Strategy: Support: 62,800-63,300; Resistance: 64,000-64,300. Long Positions: Consider going long near 63,000 if it stabilizes, with a target of 64,000-64,300 and a stop-loss below 62,000. • Short Position: Short at around 64,300 if resistance is encountered, target 63,500-62,800, stop loss above 64,800. ETH Strategy • Support: 1,830-1,850; Resistance: 1,880-1,910. • Long Position: Buy at around 1,850, target 1,880-1,900, stop loss below 1,820. • Short Position: Short at around 1,890 if resistance is encountered, target 1,850-1,830, stop loss above 1,930. Risk Warning: The current movement is a continuation of the downtrend, and the medium-term downtrend has not reversed. The expectation of a September interest rate hike and geopolitical risks are bearish. Control your position size, strictly adhere to stop-loss orders, and operate at your own risk.