#美联储降息 $BTC In the short term, it’s more like a voting machine, reflecting market sentiment fluctuations; but over a longer period, it ultimately functions as a scale, measuring your true understanding of the market. Deep learning and insight into the essence are what allow time to be on your side.

Last week (August 8-14), the performance of Bitcoin and Ethereum was fairly uneventful. On Monday, Bitcoin rebounded from a low of 87,688, reaching 94,555 before losing momentum, eventually dropping back to 88,412. Ethereum followed closely, rebounding from 2,903 to a high of 3,446 early Thursday morning, then similarly entering a stagnant phase.

From a weekly chart perspective, after experiencing four consecutive bearish candles down to the lower band, although there was a rebound with three bullish candles, this rebound clearly lacked momentum. The candlestick chart shows long upper shadows, indicating that the upward driving force has already weakened. The MACD indicator is still working below the zero line, suggesting the bearish momentum has not fully dissipated. On the daily chart, after two bearish candles, the market entered consolidation — a familiar pattern over weekends. The KDJ indicator has already formed a death cross and continues downward, signaling a clear bearish trend. Considering these technical signs, the medium to long-term strategy should focus on shorting high rebound levels.

Specific operations:
Bitcoin can consider shorting around 93,500, with re-entries between 93,500 and 94,500, aiming for a target of 85,000.
Ethereum is more suitable to short around 3,250, with a target of 2,850.