Gu Jingci: Bitcoin/Ethereum Trading Strategy with Market Analysis (September 3rd)

After a rapid surge and subsequent pullback, Bitcoin/Ethereum has been consolidating within a narrow range for the past two days, with Ethereum showing a particularly weak overall trend. This contrast between Bitcoin's strength and Ethereum's weakness is a precursor to a potential market reversal, and a continued decline is highly probable. The 4-hour chart shows a recent downward trend with both highs and lows decreasing. Following a large bearish candle with high volume, prices have been consolidating at lower levels, indicating insufficient bullish momentum. The latest candle is a small bullish candle, but with reduced volume. The daily chart shows two consecutive bearish candles with high volume, indicating strong bearish pressure. While the current candle is a small bullish candle, the significantly lower volume compared to the previous two days suggests insufficient upward momentum. Technically, both the DIF and DEA lines are below the zero line, with the DIF line below the DEA line, and the MACD histogram is negative, indicating an overall bearish market. The narrowing of the MACD histogram's negative value suggests a slight weakening of short-term downward momentum, but a shift to a bullish trend is not yet confirmed. The high volume accompanying the declines in the previous two trading days confirms the validity of the downtrend. The rebound saw a significant decrease in trading volume, indicating limited upward momentum. Furthermore, the daily moving average (MA) indicator suggests continued resistance at 78500 and the 2420-2440 level. A rebound could present an opportunity to short. Trading suggestions: Bitcoin: Short at 77800-78300, target 76300; Ethereum: Short at 2410-2430, target 2360, with further downside potential if it breaks below. 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.