Bitcoin accelerated its decline after breaking through the key support of 118,000 with higher trade volumes in the morning, confirming short positions with a drop of 3000 points. The current price is under pressure below 116,500, with the MACD death cross crossing below the zero line, RSI continuing to show weakness, and the moving average system displaying a bearish arrangement, overall leaning towards a bearish technical outlook. If the 115,000 level is lost, the next target will be the 114,000-112,500 area.



Ethereum weakened following Bitcoin, quickly falling from 4500 to 4230. The daily chart forms three consecutive bearish candles, and the MACD divergence correction has not yet ended. If market sentiment does not improve, ETH may further test the 4150 support. If a short-term rebound cannot stabilize above 4350, the strategy of maintaining short positions will continue.

Bitcoin strategy: short positions near 115700-116000, target 114500
Ethereum strategy: Short near 4270-4300, target 4200 #Gate七月透明度报告发布#
BTC-0.54%
ETH0.91%
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