July 31 Bitcoin and Ethereum Morning Thoughts:

Attention! The four-hour chart of Bitcoin has confirmed a double top structure, with the price firmly held down by the middle band, and the downtrend is clearly visible! The bulls have been repelled several times, and with the evening news adding fuel to the fire, this pullback seems unavoidable, and it could be quite significant——

From a technical perspective, the signals are clear: the Bollinger Bands are widening horizontally, and volatility is about to increase; the KDJ death cross is pointing down, giving a strong bearish signal!

The bearish outlook mentioned earlier for the evening has now firmly materialized. In the current market situation, following the trend is the key; any rebound presents a great opportunity for short positions, so don't hesitate!

Specific trading references:

- Short directly around 118,000-118,500 for Bitcoin, set a stop loss above, initially targeting 116,500; if that breaks, it could continue to drop;

- Set up short positions in the 3,800-3,830 range for Ethereum, with a key focus on the 3,700 support below!

The trend is clear, catching the rhythm is crucial, and don't miss this opportunity!