Gu Jingci: Bitcoin/Ethereum Trading Strategy with Market Analysis (August 11)

As previously mentioned, shorting on rallies and adding to short positions in Bitcoin/Ethereum has been a clear pattern, with the price ralliing and then falling to around 63800 and 1870, a significant drop. Currently, the rebound after the decline is weak. The previous sideways consolidation at high levels followed by a break below the previous lows indicates a clear continuation pattern, suggesting further downside potential. The 4-hour chart shows a short-term top formed around 1930 and 65300, followed by a large bearish candle with high volume last night, confirming the short-term downtrend. Currently, the price is consolidating, with the latest candle showing a lower shadow, indicating some buying support below. Technical indicators on the 4-hour chart show both the DIF and DEA lines below the zero line, with the DIF crossing below the DEA to form a death cross. The MACD histogram is negative and expanding, indicating strong bearish momentum. Both the 4-hour and daily charts show that last night's decline was accompanied by significantly increased trading volume, indicating strong market panic and selling pressure. Recent volume contraction suggests a slight easing of short-term selling pressure, but buying power has not yet significantly increased. Trading suggestions: Continue shorting Bitcoin around 64300-64800, with a target of 62000-63000; continue shorting Ethereum around 1885-1900, with a target of 1800-1830. 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.