Thursday afternoon, Lao Hu predicts a volatile point, with room for movement!

These past few days have mainly run on shorting Ethereum, with a clear rhythm of rebound shorts. Above 114,000 for Bitcoin, it’s all short; below 4,400 for Ethereum, it’s beneficial to follow the trend!

One thing to note is that Mr. Powell will have a speech soon, which may signal a rate cut in September. Currently, more than 80% believe in a rate cut, and his remarks will be even more crucial. If he says something surprising, the market may have significant movement, so we need to closely monitor the potential reversal!

The rhythm in the afternoon is still to short first, and during the Asia-Europe trading session, it’s basically a high short situation; we also need to wait for the US session to pull back. The Bitcoin range is 112,000 to 114,600. The Ethereum range is 4,350 to 4,100!

Afternoon European session: #加密市场回调

For Bitcoin, reference the 114,000 to 114,500 area to short, and watch the 112,300 area for support to hold for long.

For Ethereum, short in the 4,330-60 area, and watch the 4,180-30 area; if support holds, we will go long!