Analysis of the trading strategy for cryptocurrencies on the morning of August 4

Bitcoin (BTC/USDT)
Market Analysis: The short-term price has rebounded from a low point, but the rebound momentum is weak, with significant technical resistance above. In the absence of unexpected favorable catalysts, the sustainability of the rebound is expected to be insufficient.
trading strategy:
Preferred Strategy ( Short Selling ): Establish short positions selectively in the range of 116,000 - 117,000, with a strict stop-loss set above 117,500, and target profit range looking towards around 112,500.
Secondary trading strategy ( Long ): If the price retraces to the support range of 112,000 - 113,000, consider lightly entering a long position, with the stop-loss set below 110,000 and the target profit range looking towards around 114,000.
Ethereum (ETH/USDT)
Market analysis: The short-term trend also shows a low-level rebound, with its rebound strength slightly stronger than that of Bitcoin. The current market indicates that prices may form a range-bound pattern in the low-level area.
trading strategy:
Trading Strategy: The expected main fluctuation range is 3480 - 3600. It is recommended to adopt a "high sell low buy" strategy within this range, that is, consider going short near the upper edge of the range (around 3600) and consider going long near the lower edge of the range (around 3480). Be sure to set appropriate stop-losses.
Note: The specific entry points for long and short positions need to be flexibly grasped in conjunction with real-time price momentum and microstructure signals.