7.28 Bitcoin/Ethereum rose and then fell as scheduled, with follow-up strategy analysis

Yesterday, the Bitcoin/Ethereum setups at above 65,200 and 1,965 for short positions were executed as planned. After the market surged up, it dropped to around 63,000 and 1,865, capturing 2,200 points and 100 points of room, respectively. During yesterday’s rally, I estimate many people chased longs, especially since there are so many who kept refuting my short setup. Now, after dipping, the market has been oscillating; the moving averages have turned downward again. Going forward, pay attention to whether the price action has the capacity to continue. The 4-hour and daily charts both show a large-volume bearish engulfing candle, indicating strong bearish pressure. The latest 4-hour candlestick is a small bearish candle accompanied by reduced volume, suggesting that short-term downside momentum is weakening and the market has entered a consolidation or hesitation phase.

On the daily chart, a bearish engulfing pattern has formed along with huge volume, confirming a short-term trend reversal and putting bears in control. From a technical indicator perspective, the MACD (4-hour) DIF line has already crossed below the DEA line. The MACD histogram is negative and continues to expand, indicating that the bearish trend is established and strengthening. On the daily chart, the MA moving average lines have also started to turn downward, facing resistance around 1,900 and 64,500, showing a continued weakening trend.

Trading recommendations: For Bitcoin, continue to enter shorts around 63,600 to 64,000, targeting 61,500 to 62,500. For Ethereum, continue to enter shorts around 1,890 to 1,900, targeting 1,800 to 1,840.

Analysis and strategy are for reference only; risks are your own. The article review and publication do not ensure timeliness—please rely on real-time conditions!