1. Market Review/Analysis and Bots Strategy Selection:

Currently, the Bitcoin technical signals are conflicting. The daily Bollinger Bands are opening downwards and the price has broken below the lower band, indicating a bearish dominance. However, the 4-hour MACD has formed a golden cross below the zero line, suggesting a potential short-term rebound. Nevertheless, trading volume continues to shrink, limiting the strength of the rebound. Key short-term resistance levels: $116,500--$117,200, with support at $112,500, and $110,000 could be the short-term boundary between bulls and bears.

The short-term rebound trend is nearing its end, with subsequent pullbacks as the main focus, as the daily MACD shows a death cross and the rebound volume is insufficient. Overall, prices are likely to remain in the range of 112,500-117,200, leaning towards downside risk.

ETH had a strong rebound yesterday but is still under pressure and retracing below 3750. The 4-hour Bollinger Bands are narrowing, and the super trend indicator is bearish. The resistance level is currently at 3,680 -- 3,750 USD, and the support level is at 3,480 -- 3,339 USD.

You can still use the combination strategy: BTC spot Martingale + ETH contract grid short.

2. Bots Practical Strategy Reference

Strategy Recommendation 1: With pullbacks and rebounds, you can lay out BTCUSDT spot Martingale falls.
How much to increase: 1.5%;
Maximum number of additional positions: 6;
Take profit ratio per round: 2%;

Strategy Recommendation 2: A rebound may face resistance and could retrace, consider setting up a short position with ETHUSDT contract grid.
Price range: $3410 - $3820;
Leverage: 5x;
Number of grids: 30
Estimated strategy run time: August 5 - August 10;

Warm reminder: The above content is for reference only and does not constitute investment advice. You can refer to more information to make reasonable investment decisions.

Click the link to trade immediately: https://www.gate.io/zh/crypto-trading-bots