Xu Xu Baby discusses the market analysis and strategy reference for cryptocurrency on the evening of 8.1

Observing from the 4-hour cycle, the current price is reported at 115442, down 2.44% compared to the previous cycle. The K-line shows a continuous bearish arrangement, with significant characteristics of a downward trend. From a technical perspective, the moving average system has formed a death cross structure, and all EMA indicators remain in a downward trend, indicating that short, medium, and long-term funds are under pressure simultaneously, with market selling pressure dominating the sentiment.

Today, the price has broken below the recent oscillation range support, reaching a low of 114055, accompanied by a moderate increase in trading volume, indicating that the bearish selling strength is intensifying, and the weak consolidation pattern is likely to continue in the short term. The key support area below focuses on the psychological level of 114000; if this level is lost, it may trigger further downside potential. However, it is necessary to pay attention to whether there are signs of a bottoming near the support level, such as a decrease in volume stabilizing with a rebound bullish candlestick, which may suggest that short-term adjustments are in place.

Operation strategy reference:

- You can attempt to place a short position near 115800 for Bitcoin, with the target looking at the 113500-114000 range, and place the stop loss above 116500;

- Near 3660 for ETH, consider a light short position, targeting the 3550-3580 area, with the stop loss set above 3700.

(Note: Cryptocurrency market volatility is severe; strategies should be adjusted based on real-time market conditions, and strict risk control is necessary.)