The Federal Reserve remains inactive, and the cryptocurrency prices fell as expected in the early morning, reaching a low of 1157. However, this did not continue, and the prices have rebounded and returned to the position of 1183. This is the high point of the rebound after the downward trend, and we need to pay attention to the resistance situation of the trend line in the morning session. Based on recent trends, Mr. Duan still believes that today's market will continue to fluctuate, focusing mainly on range correction.

7.31 Operation Suggestions:

For Bitcoin, short from 1184-1188, targeting 1172-1170;

For a reversal at 1170-1165, targeting 1185;

For Ethereum, trade within the range of 3850-3770; $BTC $ETH