Today's market greed and fear index is 57, the greed index has decreased by 1 point compared to yesterday, and the market sentiment is currently in a neutral state.

Looking back at yesterday's analysis from Old Vine, it clearly stated that the current environment is in a bullish baiting state and explicitly provided a high short pressure level near 106500 for Bitcoin, which only reached a maximum of 106775 last night, a perfect entry point. Yesterday, Ethereum's recommendation to enter at 2640 and exit at 2580 was exactly hit last night for profit-taking. A sniper at the perfect point.

Currently, Bitcoin has once again fallen into a small intraday oscillation trend. In the short term, unless there are unexpected news events, the market should fluctuate with Friday's non-farm payroll data, and the overall operational suggestion is still to follow the major trend, placing high short orders. The overall upward wave is expected to wait until September to October at the earliest. Old Vine is convinced that a significant drop is still waiting for the final wave of washing.

Point Analysis

Today's focus is on Bitcoin:

Upper resistance around 105800 to 106500 as today's first and second resistance

Lower support at 104600 and around 109500 as first and second support

(The bearish trend continues, primarily high shorts; if it touches around 104600 to 104800, you can try to reverse for long positions, trading back and forth) If a single position breaks the second support, the market may continue to decline. Long positions should only be attempted lightly, and do not hold heavy positions. Still, according to past rules, place orders at the first and second resistance, with stop-loss set at the second resistance for about 400 points.

Today's focus on Ethereum: 2645 and around 2680 as first and second resistance

Lower resistance at 2590 and around 2560 as first and second support

Place high short orders at high levels, do not be afraid to force chase the shorts; still, according to past rules, place orders at the first and second resistance, with stop-loss set at the second resistance for about 20 points.

Summary: My personal view is that the market may continue to oscillate and wash out over the next few days, possibly spiking higher before declining. If the market moves quickly, it will likely follow the direction set by Friday's non-farm payroll data. If it moves slowly, it may have to wait until around the 13th for the CPI data, leveraging the momentum of interest rate cuts.