The higher trade volumes of Bitcoin in the early morning indeed slightly exceeded expectations, with the price reaching a peak of around 116800. As for Ether, it also pumped to the level of 4386. From a four-hour perspective, this surge and subsequent pullback formed a long upper wick, indicating severe selling pressure around the 118500 area. For long positions to continue increasing, they need to overcome the strong resistance at this level.

In the morning operations, pay attention to the strong support in the range of 115000-115500. If it breaks through, it is highly likely to continue to dip.
Similarly for Ether, on the daily level, the price is still in a long position trend, but in terms of indicators, the RSI has entered the overbought zone, so there will still be a wave of correction demand in the short term. After the coin price reached a high of 4794, there will definitely be a period of retracement and repair process.
In the morning operations, also pay attention to the support around 4250-4280 below.
In the morning, Bitcoin can be shorted around 116500-116800, looking at 115000.
In the morning, Ether can be shorted around 4330-4350, looking at 4250#Gate七月透明度报告发布 .