Bitcoin/Ethereum have been consolidating at high levels for the past few days. We repeatedly warned about the move to pump and short, as well as adding to shorts. The market then fell all the way to around 64,600 and 1,860, and the overall room is visible. Now the行情 has rebounded somewhat again, and once more provides an opportunity to enter short positions. On the 4-hour chart, recent price action shows range-bound consolidation. The latest candlestick is a bullish one, indicating that short-term buying pressure has strengthened. Yesterday, the daily chart printed a large bearish candle with a long lower wick, showing strong bearish power, but there is also buy-side support below. Today’s bullish rebound has occurred, but it has not yet fully recovered yesterday’s drop. On the monthly chart, the current month (from July to now) is a big bullish candle, indicating a strong rebound at the monthly level, but it still remains in a rebound phase within a long-term downtrend.

In terms of technical indicators on the 4-hour chart, both DIF and DEA are above the zero line, but DIF has crossed below DEA. The MACD histogram is negative and converging, suggesting that short-term bearish momentum is weakening, though the overall trend is still bearish. On the monthly chart, last month’s major drop occurred on heavy volume; the rebound this month’s volume so far is relatively smaller. We need to watch how volume changes going forward. The trend remains bearish overall—rebound is an opportunity, and it’s all about whether you can抓住 it.

Trading advice: For Bitcoin, enter a short directly around the current price of 65,700, targeting around 64,000. For Ethereum, enter a short directly around the current price of 1,900, targeting the 1,800 to 1,840 range. If the breakdown continues, further downside can extend to around 61,000 and the 1,730 area. Analysis and strategy are for reference only; risk is borne by you. This article’s review and publication does not have timeliness—please rely on real-time conditions!