Gu Jingci: Bitcoin/Ethereum Trading Strategy with Market Analysis (August 7th)

Bitcoin/Ethereum has experienced extremely poor liquidity in recent days, with relatively small overall volatility and weak continuity between bulls and bears, facing resistance above and support below. The 4-hour chart shows a price consolidation at high levels after a previous bottoming-out rebound with increased volume, accompanied by slight pullbacks. Recent 4-hour candlesticks are mostly small-bodied with long shadows, indicating disagreement between bulls and bears in this area and a weakening of upward momentum. The daily chart shows a slight pullback or consolidation, forming patterns similar to a Harami or Doji, indicating a slowdown in the short-term upward momentum. Technically, both the DIF and DEA lines are above the zero line, and the MACD histogram is positive, indicating an overall bullish trend. However, the DIF line has recently shown a downward trend, and the MACD histogram is gradually shortening, indicating weakening short-term upward momentum. Currently, the price is hovering around the moving averages on the daily chart. The key levels to watch are the daily high of 65600 and the resistance level of 1936. Consider shorting near these resistance levels, or even adding to short positions on rallies. Trading suggestions: Short Bitcoin around 64,500-65,000, with a target of 62,000-63,000; Short Ethereum around 1910-1920, with a target of 1830-1860, and further downside targets at 65,600 and 1940. 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.