$ETH This week time flies, and the boat of the cryptocurrency market has docked with time. Looking back on this week, past events have gradually become smoke, but the rapid changes in the market remain vividly felt.

This Week's Market Review

- Bitcoin: After peaking near 119800 at the beginning of the week, it pulled back, descending to a low near 117900 before stopping the decline; in the middle of the week, it aggressively dipped again, touching a weekend low of 111887, then warmed up to around 113649, trapped in a small range of fluctuations.

- Ethereum: The trend was more tortuous, dipping from a high of 3940 to a low near 3675 at the beginning of the week, then continued to break down, ultimately falling to a low of 3355 over the weekend.

Technical Analysis and Operational Ideas

Currently, Bitcoin is in a phase of oscillation and repair, with clear characteristics of weak consolidation in the short term. Although one can attempt "short on highs and long on lows" within the day, market sentiment indicates that after a pullback, panic emotions may rise, and rebound momentum is insufficient; the downtrend may continue, with a bearish atmosphere dominating, making rebound points an opportunity to short.

- 4-Hour Chart: After three consecutive bearish candles, there was a two-candle bullish rebound, but the bullish candle bodies are small and all have long upper shadows, indicating heavy selling pressure above and weak bullish momentum, with prices maintaining low-level oscillation, and the market is still in a bottom-seeking process.

- 1-Hour Chart: After four consecutive bullish candles, it fell back again, with the Bollinger Bands continuously opening downwards; although there are sporadic bullish counterattacks during the session, the overall downtrend remains unchanged.

Ethereum and Bitcoin's trends are highly correlated, also pressured by a weak pattern. Evening operations should follow the trend, with the core idea focusing on shorts.

Specific Strategy for Sunday Evening

- Bitcoin: It is recommended to set up short positions in the range of 114000-114500, targeting 112500.

- Ethereum: It is recommended to set up short positions in the range of 3500-3520, targeting 3450. #以太坊十周年 #白宫数字资产报告 #美国初请失业金人数 #加密项目 #美国加征关税