In the past half month, the market has been fluctuating, and the trend is basically the kind that you don't want to see! Taking advantage of the summer vacation to take the kids out to play, so I haven't been updating the status of the currency circle recently. But the latest "depth bomb" came to us, with Bitcoin dropping by 5000 points and Ethereum dropping by over 300 points, with a total drop of over 12%, which is extremely "spectacular".

However, all of this is within reason, but unexpected. Why do I say that? I believe that the big brother who has been following Lao Xiao for a long time knows that I have been laying out mid-term short positions since the end of July, and I have repeatedly emphasized that the trend is a bearish trend, and the rebound is our opportunity to enter the market for short selling! So this wave of decline is within reason, but unexpectedly, I didn't expect it to drop so much! Fortunately, I have captured half of the profits overall!

Let's take a look at the analysis and operation ideas for Bitcoin and Ethereum today.

Yesterday, the "dog market" unexpectedly came up with ten "carnivals," causing the market to not react for a while. Currently, it should be in a state of oscillation and repair. However, do not hold the idea that "it dropped so much yesterday, it should rebound today." The daily trend line has completely adhered and crossed, with the upper jaw covering the lower jaw. Even if there is a rebound, the strength will not be too great. Currently, the resistance level for Ethereum is 1700, and for Bitcoin, it is 27500!

From the hourly and 4-hour technical perspectives, the RSI is already in an oversold state. In the short term, there will be a rebound. For those who want to seize a short-term opportunity, you can operate with long positions at 26400 and 1670, and then switch to short positions at the upper resistance level!

In the live trading group every day, I will provide current price orders, and everyone just needs to operate with their own wealth without the need to analyze the market intensively. Just follow my analysis and guidance. If your operations in this market are not ideal, or if you want to earn some money to improve your life, you might as well try Lao Xiao's live trading follow-up, which will definitely give you a satisfactory response!

All analysis and layout are provided in advance, with real and effective orders, and real and substantial profits!

For more analysis of various currencies, you can find Lao Xiao for real-time communication. Lao Xiao has been a professional contract and spot guide for many years, and has a certain insight into market analysis. He can customize position control and fund management for you. If your operations are not ideal and you want to follow my operations, remember to find Lao Xiao's official account (Lao Xiao said Coin Diary). I hope you are a dedicated person and will definitely be able to find me! Let's create brilliance together! Let's create a better day together! There is a sequence to learning, and a specialty to mastering. Friends, I am very happy to have met you by fate!

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