8.6 BTC & ETH Morning Analysis | Luo Yi’s Strategy The morning market is range-bound, with bulls and bears pulling back and forth. Affected by weakness in U.S. tech stocks, selling pressure above is heavy, and short-term trading remains range-bound with a downside bias. Market review: U.S. stock indexes closed higher overnight, but the tech sector sold off across the board, while safe-haven funds flowed into gold. BTC and ETH did not follow the broader strength; after rising, they encountered selling pressure and underwent repeated shakeouts, with intense battles between bulls and bears. Market analysis: At the macro level, sentiment toward tech stocks has cooled, indirectly weighing on the crypto market. The market has repeatedly formed long wicks and shaken out positions, while bullish momentum is insufficient and overhead resistance is clear. A one-way rise is unlikely for now, with range-bound back-and-forth trading the main theme. Pay close attention to the volatility brought by tonight’s nonfarm payrolls data. Trading recommendations BTC: Set up short positions on a rebound into the 64700‑65000 range, with a stop at 65300, a first target of 63700, and a second target of 63100. ETH: Set up short positions on a rebound into the 1890‑1910 range, with a stop at 1935, a first target of 1845, and a second target of 1800. $BTC $SOL

🚨⚠️ IMPORTANT MARKET UPDATE 🚨‼️ Yesterday, we entered BTC shorts between $64,000 and $64,600, along with short positions on ETH and SOL. Right now, BTC is trading almost around our entry, so this is the moment to manage risk carefully rather than force the trade. The chances of an upside breakout have increased, and there is still strong liquidity sitting above the current price especially around $65,000–$65,250, followed by $65,700–$66,000. BTC may first move higher to collect this liquidity before showing any proper bearish reaction. For now, anyone who does not want to take extra risk can simply close the short around break-even. The safer approach is to wait for BTC to sweep the upper liquidity and then look for a confirmed rejection before entering another short. At the current price, the risk-to-reward for a fresh short is not attractive. The stop-loss would need to be placed above nearby liquidity and supply, while the downside potential is still limited unless BTC confirms a bearish structure shift. If BTC moves lower instead, we will focus more on spot buying from strong demand zones, especially around $64,200, followed by the deeper $63,880–$63,400 area. So for now, do not hold the short blindly. Either protect the position at break-even or wait patiently for a better setup after the upper liquidity is cleared. Shorts are slightly risky at this stage. $BTC ‌ $SOL ‌ $ETH ‌#GateLaunchesUnitreePreMarketFutures #Crypto #USChipStocksRally #Gateio

Spot Bitcoin ETFs that purchase Bitcoin directly saw $381 million in buying this week, according to a report. $BTC $ETH $SOL