In recent days, short sellers have continued to dominate the market. Last night, the price continued to decline, stabilizing near the critical support level of 112033. Ethereum was the first to initiate a rebound, reaching the resistance level of 4274 before coming under pressure and retreating. During the session, it dipped to a low of 4205, and the bearish strategy suggested last night was once again validated by the market.

On Friday morning, Bitcoin and Ethereum rebounded again after probing lower in the evening. The daily trend has not shown significant changes, having tested the lows multiple times previously, indicating a high probability of breaking down further in the future. However, from a smaller timeframe perspective, after the price dipped, a series of upward candles appeared. Combined with the overall trend of “strong European session, weak American session” this week, and the hourly moving average indicators being in a chaotic state, the price is oscillating around the moving average and will need to undergo a repair process in the short term. In terms of operational suggestions, Bitcoin and Ethereum can initially follow a short-term long strategy in the European session, observing the rebound performance first, and then determining short positions based on the strength of the rebound. The overall short-term strategy for Friday is to maintain the idea of “long first and then short”, and after exiting, to wait for a chance to set up short positions based on the strength of the market. In the afternoon, Bitcoin can be opportunistically bought on a short-term basis, paying attention to exit in the 113500-114000 range above; Ethereum will operate in sync, with an exit focus in the 4320-4360 range above. #美联储7月会议纪要