A new week has also begun, today is the first day of the week. After a slight rise in Bitcoin last night, it has pulled back and consolidated, showing weak continuation. It is currently still hovering around 118000. Ether saw a slow rise yesterday afternoon, reaching a maximum of 4574 before facing pressure and stopping there. Currently, the price of Ether is around 4520.

The daily chart shows a low-close Doji candlestick, with a longer upper shadow. In the short term, it is experiencing wide fluctuations around a high level. When approaching the high, it encounters pressure at a high position, creating repeated high pullbacks. The 4-hour chart indicates that the rise is quick but the pullback is also fast, and after quickly reaching a new high, it is unable to break through the previous high point. Currently, it is forming a pressure drop, accompanied by rebounds. This week, it is still important to pay attention to the pressure situation at high levels. If the high point does not break, it will continue to maintain the high position. At present, the market shows weakness, but the comparison lacks strong momentum. The short-term fluctuations are repeated, and the extent of the oscillation is large. In terms of operations, it is advisable to use a point near the market for short-term responses. The hourly chart has already shown weakness, and is in a small-step oscillation. Considering the support from the lower track this week, be cautious about shorting. If a suitable entry opportunity cannot be found, it is better to observe for the time being. Focus on the time frame from now until tomorrow morning, if the holding price continues to break weak positions, look to short. Conversely, if it stabilizes, watch for a rebound.

Bitcoin: Long at 117200-117500 Target 119000
Ethereum: Long around 4500 Target 4600 #美7月PPI年率高于预期# #以太坊ETF突破300亿美元#