Gu Jingci: The weekly closing for Bitcoin/Ethereum on August 16 is approaching, and the battle between bulls and bears is about to be decided.

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Follow for more, earn millions. Hello everyone, I am analyst Gu Jingci. I share my views here in the hope that every friend following along can achieve good returns!

Follow the public account Gu Jingci 8, focusing on mainstream currency guidance and layout. Bitcoin/Ethereum has been continuously positioned for a while now, with the overall space for short positions visible. Currently, the market is in a continuous horizontal fluctuation, and the trend is not clear. However, with the weekly close coming up at eight o'clock tomorrow, there is a high probability of a weekly bearish close. As long as there are no effective breakthroughs and steady holds above 63500 and 1900, the market will continue to rise and then fall. The daily MA indicators have obviously flattened out and have come to a key pressure point, relying on the pressure to enter short on highs. However, once there is again an effective breakthrough and hold of the moving average indicators, it also means that the trend has changed again, and the market will continue to rise. In the 4-hour chart, the recent candlesticks are mostly small bodies with long wicks, indicating a repeated tug-of-war between bulls and bears, with the market in a state of consolidation. The latest candlestick closed up, but with a long upper shadow, indicating selling pressure above.

After receiving support on the daily chart, there have been two consecutive bullish closes, forming a short-term bottom pattern, but the upward momentum is insufficient, and has not effectively broken through the upper resistance. On the technical indicator side, the MACD indicator on the 4-hour chart has seen the DIF line cross above the DEA line forming a golden cross, with red energy bars beginning to grow, indicating that short-term bullish strength is accumulating and there is a demand for a rebound. However, the trading volume during the rebound in the past two days has shrunk, confirming the judgment of insufficient upward momentum.

Evening operation suggestions: Enter short positions for Bitcoin around 63300 to 63600, targeting around 61000 to 62000; enter short positions for Ethereum around 1890 to 1900, targeting around 1800 to 1830.

We are here every day, not to prove how high the win rate is, but just to tell you that our team is always here, monitoring the market around the clock, professional and reliable. Analysis and strategies are for reference only; please bear the risk yourself. The publication of the article is not timely, and specifics are subject to real-time circumstances!For more strategies, please follow the public account: Gu Jingci 8

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