In the past few days, Bitcoin/Ethereum have been ranging at high levels. We repeatedly warned about the pump-and-dump shorts and added shorts. The market then fell all the way down to around 64,600 and 1,860, and the overall space is visible. Now the market has rebounded somewhat again, and this also provides another opportunity to open short positions. The 4-hour chart shows that recent price action has been range-bound. The latest K-line is a bullish candle, indicating strengthening short-term buying pressure. On the daily chart, yesterday formed a large bearish candle with a long lower wick, showing strong bearish power, but there is buy-side support below. Today’s bullish rebound has occurred, but it has not yet fully recovered yesterday’s decline. On the monthly chart, from July to now there is a big bullish candle, indicating a strong rebound at the monthly level, but it still remains in the rebound phase within a long-term downtrend.

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, showing that short-term bearish momentum is weakening, but the overall trend still leans bearish. On the monthly chart, last month’s big drop was on huge volume, while this month’s rebound volume capacity is currently relatively smaller—so the change in subsequent volume needs to be watched. The trend is still bearish overall. Rebounds provide opportunities—it's all about whether you can seize them.

Trading suggestions: For Bitcoin, enter a short directly around the current price 65,700, with a target around 64,000. For Ethereum, enter a short directly around the current price 1,900, with a target in the range of 1,800 to 1,840. If it breaks down, continue to look lower toward 61,000 and the 1,730 area. Analysis and strategy are for reference only—risk is your own. The article’s review and publication does not have real-time timeliness; refer to real-time conditions for specifics!