8.14 Evening Thoughts and Suggestions

There are no eternal winners; experiencing losses is normal. Instead of believing that the strategy is always correct, it's better to trust that we can stop losses in time and turn them into gains. There is no need to fear failure; market fluctuations are just like that. Seizing the opportunity is key, and even in sudden downturns, Uncle Zhang can lead his friends to capture profits.

In the technical analysis of the one-hour chart for Bitcoin, we can see that after reaching a high of 124545, it faced resistance and quickly fell back, closing with large bearish candles. This not only broke through the short-term moving averages, forming a downward trend, but also temporarily dipped below the middle band of the Bollinger Bands. The subsequent sudden pullback also broke through the lower band of the Bollinger Bands. The upward opening during the previous rise is gradually converging, and the middle band of the Bollinger Bands is tilting downward, indicating a decline in upward momentum and the control of the downward trend. The drop is accompanied by significant volume from the suburbs, with selling pressure releasing and resonating with the downward break of the Bollinger Bands, further solidifying the adjustment tone. Although there are temporary stabilization signals at low levels, the resistance from moving averages and the short-term lower and middle bands of the Bollinger Bands still exist. If there is no substantial rebound to recover key positions, and coupled with negative news, the likelihood is high that the market will continue to exhibit a weak oscillation trend as indicated by the Bollinger Bands. Everyone must manage their losses well!

Suggestions:

Bitcoin can be shorted around 119500, with the initial target set at around 118000 and a stop loss at 120200.

Ethereum can be shorted around 4720, with the initial target set at around 4600 and a stop loss at 4780$BTC #美国7月PPI年率高于预期 $ETH .