Every decision in the cryptocurrency world is a test of courage and wisdom. Make brave choices and reap the future.

Based on the current market situation, after experiencing four consecutive downward candles at the four-hour level, the price has stopped at the lower Bollinger Band. Currently, the price has rebounded somewhat, indicating that there is some support at the lower Bollinger Band. However, the KDJ indicator's three lines have formed a death cross and continue to extend downward. The MACD histogram is also gradually expanding below the zero axis, so the overall trend will still revolve around bearishness. From the one-hour level, after a round of downward movement, the bulls have provided a slight rebound. Various indicators' moving averages are turning upward, but the Bollinger Band is still opening downward, and the middle band continues to move downwards. Thus, the current rebound is merely a normal correction in the downward process. Therefore, in our morning operations, we still maintain the strategy of selling high after the rebound. #美国7月PPI年率高于预期

Bitcoin can be shorted around 119000, targeting 117000.

Ethereum can be shorted around 4600, targeting 4450.