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August 3, 2023, 11:45 AM. All views do not constitute any investment advice! For study and communication only.

Bitcoin reached a high near 30050 yesterday and a low near 28930. Bitcoin experienced a downward pin market on Tuesday night, followed by a rebound and rise after a short-term bear trap. After reaching a high near 30000, it began to fall back and is currently fluctuating around 29000. Previously, Fuzhu mentioned that without breaking through 28500, it would be a period of oscillation.

On the daily chart, a bearish candle was formed yesterday, with the Bollinger Bands running parallel and being suppressed by the 29600 midline. The MACD showed moderate volume. On the 4-hour chart, the Bollinger Bands opened up, the candlesticks returned inside the Bollinger Bands, and revolved around the midline. In terms of operation, it is suggested to go long lightly around 28500 on a pullback, with targets at 28900-29300. Additionally, going short lightly near 29800, with targets at 29200-28500, and stop losses at 350 points. The market is ever-changing, so real-time strategy should be the main focus.

Ethereum reached a high near 1880 and a low near 1820 yesterday. Ethereum's volatility has increased in the past few days, testing the 1820 line several times without effectively breaking through. It is still within a descending triangle, with a breakthrough imminent. Caution should be exercised regarding the risk of breaking through.

On the daily chart, a bearish candle was formed yesterday, with a trend of the Bollinger Bands contracting, supported by the 1820 lower band. The MACD showed moderate volume. On the 4-hour chart, it is still in a downtrend, with the Bollinger Bands running downward and being suppressed by the 1850 midline. The MACD showed volume decreasing. In terms of operation, it is suggested to go long lightly around 1820 on a pullback, with targets at 1850-1870. Additionally, going short lightly near 1880, with targets at 1850-1820, and stop losses at 25 points. The market is ever-changing, so real-time strategy should be the main focus.

Disclaimer: The above content is for personal views only, and the strategy is for reference only and should not be used as an investment basis. Follow at your own risk.

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