7.31 Thursday morning Bitcoin Ethereum market analysis and trading suggestions

Don't let market fluctuations and others' pessimism become obstacles to your steadfastness in the market. The market conditions that cause fluctuations in your account will ultimately make you more adept at risk control and rhythm. Be brave in your layout, boldly try and make mistakes, and in the iterative process of bull and bear markets, you will find your own trading logic and profit secrets. Last night, the market was tumultuous: Bitcoin, after starting from a high of 118025, quickly dipped to a low of 115768 due to news impact, and then stabilized and rebounded; Ethereum's performance was similarly paced, first being pressured at the resistance level of 3820, then oscillating downwards to the critical support level of 3675 before finally stopping the decline and stabilizing. Before the market fluctuations in the early morning, Xiao Ge, with his keen market insight, accurately predicted the market trend and issued a bearish signal in advance. After the market news was announced, the market indeed fell as expected. He decisively laid out a short position at the Bitcoin price of 117900, then steadily took profits at 116000, successfully capturing a space of 1900 points; on the Ethereum side, the short position layout at 3804 was also precise, ultimately taking profits at 3705, securing a steady gain of 99 points.
The Bitcoin daily chart continues to maintain a narrow range of fluctuations. From a technical perspective, the area around $115,000 has formed an important support platform. On the 4-hour chart, it is clearly observed that after the price was blocked by the important resistance level of $119,800, a distinct downward channel has formed. Although there has been a certain degree of rebound and correction recently, the rebound strength is obviously below expectations, and the trading volume has not effectively increased, indicating that the market's buying power is relatively weak. This morning looks like a rebound high.
Bitcoin: Short position can be opened near 118000-118500, short-term target 116500
Ethereum: Short positions can be taken around 3800-3820, with a short-term target of 3720.