The overall adjustment of Bitcoin over the weekend is limited, mainly maintaining a range-bound oscillation. From a short-term perspective, the resistance level is at 118500, and the support level is at 117000. If one can grasp the rhythm of fluctuations within this range, the profit potential is worth looking forward to. The current coin price hovers around 117300.

Technical aspects:

- The daily line continues to close with a bearish candle, showing insufficient momentum for a short-term rebound.

- In the 4-hour chart, the Bollinger Bands are in a contracting state, and the coin price rebounded to the middle band position but encountered resistance and fell back, subsequently closing several bearish candles, indicating obvious short-term pressure.

- In conjunction with various indicators leaning bearish, today’s key focus is on the downward trend, and it is recommended to prioritize short positions in operations.

Specific strategies:

- Bitcoin: Set up short positions in the 117600-118000 range, targeting around 116000.

- Ethereum: Set up short positions in the 4500-4530 range, targeting around 4300. #美联储取消创新活动监管计划 #美国7月PPI年率高于预期 #中国投资者涌向印尼 #币安钱包TGE