This week, the Bitcoin and Ethereum markets fluctuated greatly, showing distinct stage characteristics. At the beginning of the week, Bitcoin oscillated above 118300, then dropped to a low of 111684. Ethereum also fell, with the price touching a low of 4069 at one point. After the news of the Federal Reserve's interest rate cut, market sentiment quickly warmed up, Bitcoin responded by rising, rebounding to a high of 117429, and Ethereum also surged, climbing to a high of 4887. However, the upward momentum was not sustainable, and both major cryptocurrencies faced resistance at high levels before retreating. As of Friday, Bitcoin's weekly increase exceeded 5700 points, and Ethereum recorded a rise of 680 points. The short-term boost effect brought by the interest rate cut is significant, but the subsequent trend still faces certain pressures.

On Monday, Bitcoin established three short positions, gaining 2800 points, while Ethereum set up three short positions, gaining 300 points.

On Tuesday, Bitcoin established two long and two short positions, gaining 3800 points, while Ethereum set up three long and two short positions, gaining 390 points.

On Wednesday, Bitcoin established three long and three short positions, gaining 5000 points, while Ethereum established three long and two short positions, gaining 400 points.

On Thursday, Bitcoin established two long and one short position, gaining 3000 points, while Ethereum established one long and one short position, gaining 130 points.

On Friday, Bitcoin established two short and one long position, gaining 6600 points, while Ethereum established two long and one short position, gaining 440 points.

This week, Bitcoin gained a total of 21200 points, and Ethereum gained 1660 points.

From a four-hour perspective, the number of bearish candles has exceeded that of bullish candles recently, reflecting a gradual release of bearish strength. The coin price is operating above the middle track, having previously surged close to the upper track before retreating, indicating significant pressure at the upper track, with insufficient bullish momentum in the short term. Although the MACD indicator still shows bullish dominance, the height of the histogram has narrowed, suggesting a weakening of bullish strength. The one-hour level is in a bearish-dominated oscillating downward phase, with the lower Bollinger Band and negative MACD values indicating that the market is in a weak state. The subsequent strategy can focus on short positions.

Short Bitcoin around 115000, targeting 113500.

Short Ethereum around 4800, targeting 4700.