Reviewing the intraday market trends, Bitcoin's price showed a pattern of first suppressing and then rising: it strongly rebounded from the low of 112534 to face resistance and fell back at the level of 113994, subsequently entering a phase of consolidation; in the evening, the market dipped again to the support level of 112322 before stabilizing. Ethereum also experienced a similar trend of first falling and then rising: in the morning, it dropped from a low of 4063, rebounded to a high of 4241 before the momentum weakened, and then retraced again to a low of 4108. Overall, the bearish strategy has been significantly effective today, with three trades implemented. The Bitcoin short position achieved a gain of 1490 points, while the two short positions in Ethereum collectively gained 171 points.

The intraday battle between bulls and bears was intense, with the market showing ups and downs. The morning session continued the weak oscillation from yesterday's late trading, but in the afternoon, the bulls suddenly exerted force, driving prices to rise quickly and break through the morning's high. However, the good times were short-lived, as the bears reasserted pressure in the late session, resulting in a 4-hour candlestick that ultimately closed as a doji with long upper and lower shadows. This candlestick pattern conveys clear information: the upper shadow indicates heavy selling pressure around 114500, with many profit-taking funds choosing to exit here, while the lower shadow suggests effective support at the 112500 mark, indicating strong buying interest. From the current pattern, the price is consolidating below an important resistance level, and with the potential for changes in the news at 2 AM, it may be prudent to adopt a wait-and-see approach, waiting for clearer news before following the trend into the market. For friends who prefer aggressive trading, it is still advisable to consider positioning short, but strict risk control is necessary:

Bitcoin: A short position can be considered in the range of 114300-114800, with a short-term target looking towards 112000.

Ethereum: A short position can be considered in the range of 4320-4350, with a short-term target looking towards 4150#杰克逊霍尔会议 .