BTC: The short orders given at 114700 and 115800 in yesterday's report have entered the first position, and we're just short of entering the second position, which is unfortunate. Now we can only wait. The third extension of the equal tariffs is due the day after tomorrow, and tonight will likely be dominated by range fluctuations, mainly to guard against the large volatility tomorrow night and early the day after. Lao Teng is still in that direction, currently maintaining a high short strategy, waiting for one last significant drop before we consider entering to bottom fish in spot markets and layout for altcoins, preparing for the favorable interest rate cuts after September. The trading suggestion remains to mainly place orders around the 114800-115400 area for short positions. If it breaks 116350, just stop loss.
ETH: Yesterday's surge in Bitcoin was too abrupt and caused a direct loss, rising 170 points starting from 9:30 PM and continuing throughout the night. Currently, while there has been some pullback, there is no obvious reversal yet. However, the overall trend still looks bearish, and this time the trading direction is to place light high-position short orders. The current price is 3635, so enter short orders with small positions, and when it reaches around 3690, enter additional short orders, with a stop loss near 3735. Enter in batches.
