The fluctuations in the cryptocurrency market are like the waves in a turbulent sea, making people feel anxious. However, its charm lies in the fact that it never looks at your past report card. Stop saying "I'll enter the market when it stabilizes"; opportunities in the crypto world never lie in "stability." The real dividends always belong to those who dare to position themselves amid uncertainty. Market volatility is not a risk; not understanding the trend is the biggest risk.

Currently, Bitcoin is in a low-level bottoming phase, with the daily chart showing three consecutive bearish candles, forming a "three soldiers" bearish arrangement, and there is significant selling pressure above. The 4-hour chart is in a weak pattern, with the MACD on the daily and short-term continuing the bearish trend. Despite Federal Reserve Chairman Powell releasing dovish signals last week, Bitcoin's performance remains flat, with significant effects from capital rotation. At present, the support levels are at 110,000 (psychological level), 108,750, and 107,000 - 108,000 (strong support area). The resistance levels above are at 113,000, 114,000, and 114,500. To restore the bullish outlook, the price needs to rise above the high of 117,400.

Suggestions for long positions: Enter long in the 108,000-110,000 range with a target of 112,000 and a stop-loss at 107,000.
Suggestions for short positions: Enter short in the 112,000-113,000 range with a target of 110,000 and a stop-loss at 113,500.

Ethereum previously surged to a historical high above 4,950 but failed to successfully challenge the 5,000 mark, quickly retreating afterward, with the daily chart showing a large bearish candle that broke through multiple support levels. The 4-hour chart has shown consecutive bearish candles, and the MACD technical indicator is dominated by bearish strength on the 4-hour level. Currently, the resistance levels for Ethereum are at 4,510, 4,620, and 4,745, while the key support levels are at 4,250, 4,205, and 4,060 (strong support level). Recently, Ethereum should revolve around these ranges for trading; if it wants to break through the 4,000 mark, strong pressure from above is still needed (such as institutions starting to sell off in large quantities, or the Federal Reserve confirming a rate cut in September).

Suggestions for long positions: Enter long in the 4,330-4,370 range with a target of 4,450 and a stop-loss at 4,290.
Suggestions for short positions: Enter short in the 4,500-4,460 range with a light position, targeting 4,380 and a stop-loss at 4,530.

Due to the time-sensitive nature of price points, there may be delays in post reviews, so specific operations should be based on real-time market conditions. The above operational range analysis is for reference only; the cryptocurrency market is highly risky, so please manage your risk well and make cautious decisions when investing. If you are interested in specific indicator analysis or the impact of new market dynamics on prices, feel free to scan the QR code for the public account in the article below. You are welcome to visit.

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