Every fluctuation of the Candlestick is a foreshadowing of dreams, strengthening belief and welcoming the dawn. On Friday, after a rebound in the Bitcoin market in the morning, the price reached a high of around 119173, then faced pressure and fell back, nearing the evening market which dropped to a low of around 118590, with prices continuously oscillating within this range. The Ethereum market followed a similar trend, rebounding above 4600 in the morning, and then began to consolidate between the low of around 4605 and the high of around 4662. Due to the small fluctuation base, Brother Sheng also focused on short-term arrangements, with short orders for Bitcoin and Ethereum laid out at around 119114 and 4645 respectively, exiting at around 118640 and 4609, with Bitcoin short orders capturing a space of 500 points, and Ethereum short orders capturing a space of 36 points. In the afternoon, Bitcoin and Ethereum short orders were laid out again at around 119123 and 4652 respectively, exiting at around 118665 and 4620, with Bitcoin short orders again capturing a space of 500 points, and Ethereum short orders also capturing a space of 32 points.


According to the current market situation, the four-hour level shows that after experiencing a two-day rebound, the price is alternating between bullish and bearish movements below the middle band of the Bollinger Bands, with the three bands of the Bollinger Bands extending parallelly. Currently, neither the bulls nor the bears have provided a significant range, but after the MACD indicator's dual lines formed a dead cross, they continue to move downward, and the indicator values are consistently accumulating in the negative range. Therefore, the overall trend still leans towards the bears. From the one-hour level, the price is alternating between small bearish and bullish movements, indicating that the market has clearly entered an adjustment phase of time for space. The price is currently maintaining near the lower band of the Bollinger Bands, but the daily increase has shown signs of stopping. Therefore, in the evening operations, it is advisable to continue with the strategy of shorting after the rebound!
A short order can be placed near Bitcoin 119500, targeting 117500.
Short order near 4670 for Ethereum, targeting 45500 #美7月PPI年率高于预期 .
BTC1,44%
ETH4,05%
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