$BTC 7.28-8.3 Summary

The weekly market has closed, and reviewing these seven days feels like experiencing a condensed journey of a long and short battle. Starting with expectations for the trend, the market experienced repeated tug-of-war between bulls and bears during the week, and by the weekend's close, the ups and downs had reached a temporary conclusion. From the price movement of cryptocurrencies, the overall trend shows a stabilization after a sharp decline. Bitcoin peaked at 119,800, but the momentum could not sustain, leading to a drop and stabilizing after hitting a low of 111,900; Ethereum followed suit, falling from a high of 3,941 to a low of 3,354 before also entering a stabilization phase.

In terms of trading strategies, this week's execution results are clear: Bitcoin long positions were taken 6 times and short positions 17 times, accumulating 27,400 points; Ethereum long positions were taken 7 times and short positions 15 times, yielding 1,600 points. Friends who followed the strategy rhythm must have gained a considerable profit from this market, effectively realizing the value of trend analysis.

Based on the current market, the daily chart is in a relatively weak pattern. The Bollinger Bands indicate that prices are hovering at a low level, while the MACD indicator is releasing bearish signals. Considering the 4-hour Bollinger Bands and MACD indicators, the cryptocurrency prices are also in a relatively volatile and bearish pattern, but the bearish momentum has weakened, and bullish strength is building up. The narrowing of the Bollinger Bands suggests that the market is about to choose a direction, while the changes in the MACD indicator indicate that the battle between bulls and bears has entered a critical stage. Future strategies may revolve around low long positions.