8.1 BTC/ETH Market View:

The high-flying strategy I shared with you yesterday has been perfectly executed! Bitcoin offered two shorting opportunities at 118,800, and Ethereum offered shorting opportunities at 3,870. The market then dipped to 114,239 and 3,613, halting its decline. With such significant downside potential, short positions are incredibly profitable!

Although Bitcoin closed with a large bullish candlestick on the monthly chart, the upper shadow remains very long. Furthermore, the daily K-line chart hasn't been above the 120,000 mark for a long time. If it can't break through for a long time, the market is likely to retrace. If it can't climb the steep slope, it needs to reverse and build momentum before pushing higher. The daily K-line chart has seen four consecutive bearish candlesticks, with the price breaking through the lower support band. The MACD bearish momentum is also increasing. The KDJ and RSI have been fluctuating downwards since reaching overbought levels. The market needs a pullback, and any declines are only intended to pave the way for a rebound. So, don't rush in when the market is reversing. Sell when you should, and when the bottom is reached, consider buying low!

Focus on the strength of Bitcoin's rebound this day and avoid rushing to chase the gains. Upward pressure is seen at 116,500, 117,500, and 118,500. Enter the market around these levels. Targets below are 115,000-114,000-113,000.

After rebounding from the 3940 high, Ethereum began a volatile correction. This morning, it retreated to test support at the middle Bollinger Band of the daily K-line near 3613. Only a break below this band will accelerate the decline, otherwise it will likely rebound.

This morning, there was a good opportunity to enter a low-level long position near 3600, but it has been missed. Don't consider going long directly. The current price is around 3712. Upward pressure is seen at 3760, 3800, and 3860. Consider these levels for upward trading. Targets below are 3700-3620-3550. #美国加征关税