Yueying: Bitcoin and Ethereum Market Analysis for August 13th - Slow Pace, Awaiting Direction (with Short-Term Strategy)

The short position at 64400 given above was accurately executed, but the price movement was minimal, only moving within a 1100-dollar range. Looking at the daily chart, the previous candlestick closed bearish, indicating a pullback after encountering resistance. Intraday opening saw narrow-range fluctuations around the 60-day moving average. The Bollinger Bands are flat, short-term moving averages are slightly downward, the MACD fast and slow lines are trending downward with increasing green histogram bars, the KDJ is extending downwards; watch for support near the 0 level. The VR indicator is consolidating around 110. On the four-hour chart, the price slowly rose but failed to continue its upward trend during the European session, currently trading below the middle band. The Bollinger Bands are narrowing, short-term moving averages are parallel, the MACD fast and slow lines are slightly upward with decreasing volume bars, the KDJ encountered resistance near 50 and turned downwards with the three lines converging, and the VR indicator is consolidating around 60. Overall, the market trend is in line with expectations, with no major changes. It remains in a weak consolidation phase, with limited upside or downside potential. Greed should be avoided in the recent market. Short-term strategy remains to follow the 64800-62000 range mentioned above, primarily shorting with secondary long positions. Patience is needed to wait for a direct breakout before considering further movement. For Bitcoin, short-term suggestion: short at 64400. (Take profits as needed after strategy activation). Ethereum's pullback after a surge indicates significant resistance at the daily mid-band. The price action is very narrow, with neither bulls nor bears having a clear advantage. Continue to expect small-range oscillations today, awaiting a directional move. The overall technical analysis of the daily and 4-hour charts can be referenced in tandem with Bitcoin. Short-term resistance is around the previous high, and support is around 1800. For Ethereum, short-term suggestion: short at 1910. (For more cryptocurrency analysis, click the image to see the homepage introduction and find Yueying). — I am Zhou Yueying, a teacher specializing in technical analysis. Feel free to discuss and learn with me about any trading or trend-related questions! Let's exchange ideas and profit together!