Analyst Liang Qiu: 8.22 Bitcoin/Ethereum fluctuates back and forth, with highs and lows constantly switching.

Bitcoin and Ethereum have been fluctuating back and forth these past few days, with the overall volatility continually narrowing, and the high and low points also gradually declining. The long position we set up last night saw an increase to 111900 and 4202, followed by another rebound. As of now, the highest for Bitcoin and Ethereum reached around 113500 and 4315, respectively. The overall volatility is not significant, and the space continues to narrow, with resistance still present above. Pay attention to the resistance levels at 114000 and 4350.

From a daily perspective, Bitcoin and Ether are showing a pattern of small downward and upward movements alternating, with no clear direction for bulls or bears. The significant drop in the previous period, followed by a lack of obvious rebound, is also a typical continuation pattern during a downtrend. After several rounds of hovering, a new round of decline is expected. Looking at the moving average indicators, there have been multiple failed attempts to break higher, and the high points are continuously descending, showing clear pressure and pullback. Short-term rallies can continue to enter short positions.

It is recommended to short Bitcoin around 113300 to 113800, with a target near 112000; short Ether around 4300 to 4320, with a target near 4200.

[The above analysis and strategies are for reference only, please bear the risks yourself. The article review and publication do not have timeliness, and the specifics are subject to real-time.] #Gate全球首发上线YZY #加密市场反弹 #美联储7月会议纪要