Gu Jingci: 6.17 Bitcoin/Ethereum Trading Strategy and Market Analysis

Bitcoin/Ethereum has once again entered a dull and narrow range of fluctuations these days.
Our previous plan to go short after a rally still has room to decline, and Bitcoin has further downside potential, while Ethereum is relatively stronger.
However, after adding positions during the rally, we also have some room.
Currently, the market often suddenly rises about twenty points when you think it will fall, and dips about twenty points when you think it will rise.
The bullish and bearish momentum is not very strong.
The 4-hour chart shows that after the rally, the price entered consolidation around 1800 and 66,000.
Recently, the candlesticks have small bodies with long upper and lower shadows, indicating fierce competition between bulls and bears in this area, and the market direction is unclear.

On the technical indicators, the MACD's DIF and DEA lines are above the zero axis, but the DIF line has started to flatten and shows signs of crossing below the DEA line.
The MACD histogram has shifted from positive to weakening, indicating that short-term upward momentum is diminishing.
Recently, the volume of the last few 4-hour candles has significantly decreased, showing that trading activity in the current price zone is light, lacking new driving forces, and the market is in a wait-and-see mode.
Pay close attention to the interest rate decision at 2 a.m. and the Wosh currency strategy release at 2:30 a.m., and watch for a breakout above the highs near 67,500 and 1,850.

Trading suggestions:
Short Bitcoin near 66,000 to 66,500, with a target around 64,500;
Short Ethereum near 1,800 to 1,820, with a target around 1,740.

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Analysis and strategies are for reference only; please bear the risks yourself.
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