Bitcoin/Ethereum Trading Strategy With Market Analysis

In the past few days, Bitcoin/Ethereum have been moving sideways near the highs. We repeatedly reminded you about the strategy of going long-term short after pumping and adding to short positions. The price then kept falling all the way to around 64,600 for Bitcoin and around 1,860 for Ethereum, showing that the overall range remains visible. Currently, the market has bounced again, and it also provides another chance to enter short positions. The 4-hour chart shows recent range-bound consolidation. The latest candlestick is a bullish candle, indicating that short-term buying pressure has increased. The daily chart yesterday printed a massive bearish candle with a long lower wick, showing strong bearish power, but there is buy support below. Today’s bullish rebound has occurred, but it has not yet fully recovered yesterday’s losses. The monthly chart shows a large bullish candle from July to date, indicating a strong rebound at the monthly level, but it is still in a rebound phase within a long-term downtrend.

For 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, indicating that short-term bearish momentum is weakening, but the trend is still biased bearish. On the monthly chart, last month’s big drop came with a huge volume, and this month’s rebound volume is currently relatively smaller. We need to watch how the volume changes going forward. The trend is still bearish overall. The rebound provides an opportunity—what matters is whether you can take it.

Trading suggestion: For Bitcoin, go short directly around 65,700; target around 64,000. For Ethereum, go short directly around 1,900; target around 1,800 to 1,840. If the level breaks, continue to look toward 61,000 and the 1,730 line. Analysis and strategy are for reference only—risk is your own. The article review and publication does not have timeliness; please refer to real-time conditions. #Gate事件合约首发狂欢 #夏日创作营 #Intel Q2 revenue hits the fastest growth rate in 15 years