Gu Jingci: Bitcoin/Ethereum short positions fell as expected on July 13th, and will continue to decline in the early morning.

The strategy for Bitcoin/Ethereum has been a continuation of shorting on rallies in recent days. Ethereum has been generally stronger, but there has been room for averaging down. Bitcoin's decline has been smoother, directly capturing the downside. Currently, the price has rebounded after the initial dip, but the momentum is weak. The 4-hour chart shows a large bearish candlestick with a long upper shadow, forming a clear top reversal pattern, followed by a continued price decline, indicating heavy short-term selling pressure. The daily chart also shows a large bearish candlestick with both long upper and lower shadows, confirming the short-term top selling pressure, indicating weakening bullish momentum and bearish dominance. On the 4-hour chart, the DIF line has crossed below the DEA line, forming a death cross, and the MACD histogram is negative and expanding, indicating a strong bearish shift in short-term momentum. Furthermore, the daily chart has only just begun to decline after a multi-day uptrend, and the price has not yet stabilized, suggesting further downside potential. Moreover, the early morning rally to around 1848 on the daily chart may have formed a double top pattern; further rallies in the early morning could present an opportunity to short and wait for a further decline. Trading recommendations: Continue shorting Bitcoin around 62800, add to short positions around 63600, with a target around 61200; Continue shorting Ethereum around 1785, add to short positions around 1820, with a target around 1720, and further targets around 64400 and 1850.