8.1 Friday early morning Bitcoin Ethereum market analysis and trading suggestions

In the crypto world, one day is like ten years in the human realm. You think you're trading, but in reality, you're playing a terrifying game called guessing where the big players want to cut today. Analyzing with great precision, but operating on thin ice; entry points as precise as a scalpel, while account balances shrink like a deflated balloon. Mindset? It's already been worn out by the fluctuating movements! Don’t worry, you are not alone in this mess; the market is notorious for dealing with all kinds of discontent, especially... your wallet and that yearning heart for wealth. The Bitcoin intraday market shows a trend of rising first and then falling, starting from a low of 116913 in the morning session, showing a steady upward oscillation, touching an intraday high of 118852 at one point. However, the bulls couldn't hold their ground, and the price subsequently underwent a technical pullback, finding support at a low of 117794 in the evening before bouncing back. Ethereum's movement is much the same; after a strong rebound to a high of 3875 in the morning session, it encountered short-seller resistance, followed by a step-like downward oscillation, eventually finding support around 3761 and stabilizing. Overall, it shows a V-shaped oscillation pattern of a rise and fall, bottoming out and recovering. In the morning session, we adopted a relatively aggressive bearish strategy; although the Ethereum short position faced a small stop loss, we quickly adjusted our strategy and decisively placed a long position at the 3833 point, successfully taking profit at 3871, securing a steady gain of 38 points. In the afternoon session, we continued our bearish outlook with precise strikes: entering a short position on Bitcoin at the high of 118800, taking profit at 117900, easily capturing a rich space of 900 points; for Ethereum, we entered a short position at the high of 3864, finally closing at 3768, once again earning 96 points.
From the current market trend, after experiencing a round of pullback in the early hours yesterday, the bullish forces began to gradually gather, leading to a three consecutive days of upward movement in the intraday market. However, the K-line body has gradually shrunk, ultimately only recovering to the starting point of yesterday's downward trend, appearing powerless in front of the key resistance level. From a technical perspective, the price clearly encountered strong selling pressure after reaching the previous dense trading area and did not break through, so we still maintain our bearish outlook.
Bitcoin: Short sell around 118800, short-term target 117500
Ethereum: Short positions can be taken near 3820-3840, with a short-term target of 3750.

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