$BTC $ETH 63076, my 63200 short position is still open. First, the market setup, then the thing most worth discussing today. Technically, nothing has changed. The daily MACD has formed a death cross, RSI is 43, and the price is below the SMA50. It has fallen 3% in seven days, while volume continues to shrink; today’s 24h volume has contracted further from yesterday. The Bollinger Bands are tightening, and the breakout window is within the next day or two. There are three support levels: yesterday’s low at 62920, Fibonacci S1 at 62687, and then 60247. Resistance is my entry level at 63200, followed by the 64000-64500 trapped-holder zone. It will not break through without a surge in volume. My plan is unchanged: halve the position around 62687, move the stop-loss up to 63600, and see whether the rest can reach 60247. Now for the main point. Today, on BSC, someone turned $120 into $200k in two days with a meme coin called “Bull Run.” That’s an 822x return. Its liquidity pool was only $1m, while its market cap was inflated to $29m. Someone also fabricated a burn transaction from CZ’s wallet to create fake endorsement and trick people into buying. During the same period, BTC fell 3% in a week, ETF net outflows reached $390m, and a whale that had held for 15 years was liquidating. What does this show? The money is not in BTC. It is chasing memes, OKB, and anything with a story. BTC has become the forgotten one. But from a trading perspective, being forgotten means there is no bubble. The person who bets $120 on a meme coin going to zero will not make the news; the person who gets an 822x return will. It is simply survivorship bias. I do not touch meme coins, for a simple reason: with a coin whose liquidity pool is $1m, you may have $200k in paper profits, but you cannot get out completely. This is not investing; it is a game of musical chairs. When the music stops, you are left standing. BTC is slow, but its liquidity is deep, and you can exit whenever you want. On a 63000 short position, closing slippage is almost zero. That is the significance of major coins—not making you rich overnight, but allowing you to leave alive. Funding rates have been negative for three consecutive days, and shorts are crowded. I am holding the short but not adding to it, because too many shorts means the risk of a squeeze can emerge at any time. A single bullish candle could trigger stop-loss orders in a chain reaction, pushing the price higher instead. The crowded direction is not necessarily right, but it is definitely dangerous. There is a crypto meeting at the White House on Wednesday. If positive news emerges, 63200 could be pierced directly. My stop-loss is at 63600, leaving room for this risk. To sum up my approach: watch meme coins without getting involved, hold the BTC short without adding to it, take half off the table at 62687, and if it cannot break through, wait for the direction of the move. Do not be greedy or panic; 400U calls for a 400U strategy. Those holding BTC positions, share your levels. Comment 1 if you are going long and waiting for a rebound, 2 if you are short and waiting for a breakdown, and 3 if you are like me, lightly positioned and waiting on the sidelines.$BTC ‌$ETH #Gate7月增长Top1

This Week’s Summary, Next Week’s Market Forecast & Latest Analysis for 8.17 The market is like rowing against the current: if you do not advance, you fall behind. This week’s overall trend featured a continued pullback after a false breakout, with bears fully in control. Bulls took the lead early Monday morning, pushing the price to 65482 and a new two-week high, but it failed to hold there. Bearish pressure continued to build, driving a channel-like decline, with only brief technical rebound recoveries along the way. On Friday, the price fell to a low near 62484, after which the market entered a narrow sideways consolidation over the weekend. Bitcoin’s maximum weekly decline was approximately 3000 points, essentially erasing last week’s gains; Ethereum was relatively stable, with a weekly decline of more than 80 points. Last weekend’s strategy accurately predicted the decline. Zhi Lan’s live trading plan focused mainly on shorting rebounds at high levels. This week, Bitcoin captured 8082 points in total, while Ethereum’s volatility was relatively limited but still yielded 187 points. Although occasional losing trades occurred, the strategy was adjusted promptly without stubbornly holding losses, and the trading rhythm remained firmly under control throughout the week. Overall, the current sideways movement is merely a natural rebound recovery after the decline, with no clear bottom-reversal signal yet. The broad bearish framework across all timeframes remains intact. The weekly K-line closed as a solid bearish candle with a long upper shadow and broke below short-term moving-average support. The 65300-65700 resistance zone was once again confirmed as effective. Heavy overhead resistance is limiting the rebound, and three consecutive weekly K-lines have consolidated sideways, so downside space on the larger timeframe remains. Daily timeframe: This week saw consecutive bearish closes and an almost vertical decline, interrupted only by a doji and a small bullish candle for consolidation, forming a typical bearish continuation pattern. Rebound highs have continued to weaken, bullish support has been weak, and no strong bullish-candle reversal signal has appeared. The center of gravity continues to move lower, while the larger downtrend channel remains intact. The daily chart indicates a downside test of the 62600 support level, which has already been retested several times. Whether it can withstand another retest remains to be seen. After the short-term consolidation ends, bears still have a probability of extending the decline. 4-hour timeframe: Since being rejected at 65400, the highs have gradually declined and the lows have continued to fall, forming a clear descending channel. The price has also broken below the 63700 midpoint support of the broader consolidation range. Multiple rebound attempts to test the channel’s upper boundary have failed, bullish candles have shown poor follow-through, and overhead resistance is clearly visible. The current sideways movement is in a phase of choosing a direction. Trends across all timeframes are aligned bearishly, so next week’s market is still expected to prioritize a pullback to test the support levels below. Before a clear reversal signal appears, be cautious about blindly buying the dip or going long. Bitcoin: downside target at 61800; below that, 60000 Ethereum: downside target at 1820; below that, 1748 #GateLaunchpool瓜分141万枚DOS $BTC ‌$ETH ‌

$BTC Liying Talks Crypto: August 17 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis and Trading Recommendations 　　 Bitcoin is currently priced at 63000. Take a close look at the current market: although the price is still hovering around 63000, the waterfall-like sell-off has already disappeared. The current market is like someone recovering from a serious illness. The MACD bottom-divergence formation shows that DIF and DEA have not made new lows, while bearish momentum has been exhausted. The price is currently moving between the lower band at 62991 and the middle band at 63071, and the Bollinger Bands are beginning to contract and flatten. This means volatility is declining and a market shift is imminent. Once the price can effectively hold above the middle band at 63071, this will confirm that the short-term trend has shifted from weak to strong, providing a very good right-side entry signal 　　 Today's Liying Price-Level Forecast 　　 Open short at 64000-64400, stop-loss at 500 points, target 63500, aiming for 63000 　　 Open long at 62500-63000, stop-loss at 500 points, target 63500, aiming for 64000 　　 Ethereum Analysis 　　 Ethereum is currently priced at 1884. This market is like a spring: the longer it is compressed, the greater the force with which it may rebound or plunge later. As shown on the chart, the EMA system indicates that the long-term EMA120 is creating resistance at 1887, while the entanglement of the three lines means the direction is unclear. In the MACD indicator, the slight golden cross between DIF and DEA below the zero axis is a signal of weak consolidation. The Bollinger Bands have narrowed significantly, with the upper band at 1885 and the lower band at 1877. The price is running close to the middle band, with volatility compressed to an extreme level, which usually indicates that a market shift is imminent. The current price is near the Bollinger middle band. If it can hold above the middle band and break through the upper band with increased volume, the short-term outlook will be bullish; conversely, if it falls below the lower band, a new round of decline may begin 　　 Latest Price-Level Reference 　　 Long entry zone: 1875-1860, stop-loss at 1840, target 1900, aiming for 1920 　　 Short entry zone: 1910-1915, stop-loss at 1930, target 1890, aiming for 1870 　　 The above content is exclusively original by Liying. Please indicate the source when reprinting! Article publication and review may be delayed, and market conditions can change rapidly. The above recommendations are for reference only; assume all risks yourself. ‌#GateCard三重升级 $ETH ‌