Evening Analysis: From the 4-hour chart, although the Bitcoin price has pulled back after multiple highs, the low support structure has not been broken, and it has currently formed a "double bottom" pattern. This pattern is a manifestation of bulls accumulating strength at low levels. Essentially, this pattern indicates that bulls are gathering strength at lower levels. As long as the weekly closing remains above the 110,000 support level, the short-term Bitcoin price is expected to rebound based on the double bottom support level.

Ethereum's performance today has broken below the B central position area of 4385-4410. Currently, the Ethereum price is running near the support level of 4316-4300, and the 4-hour chart has formed an M-top. The expected downward space is limited, but attention should be paid to the core PCE data release at 8:30 PM tonight, the U.S. stock market opening at 9:30 PM, and a hearing at 10 PM. Moreover, the first few days of September are very important; will there be a rebound above 5000 before the bear market arrives?

The strategy is for reference only; the market changes rapidly, and actual trading should be prioritized. Today, another teacher from the team provided 4 orders, with 1 loss. It's safer to take profits. Follow Dan and pay attention to the public account: Ethereum Kai.

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