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Analysis of Price Structure and Directional Assessment for ETH and BTC on August 5:
(1) Taking ETH/USDT perpetual as an example, above 3491, continue to be bullish. The operational approach is mainly based on the 1-hour cycle "Institution Strong Bull Turning Point Model" (this model is explained in detail in the live broadcast video). If it stabilizes at 3725, then look for it to rise to 3731-3755-3872. If it reaches this range for the first time and forms the "Institution Strong Bear Turning Point Model", a short position can be attempted.
(1) Taking BTC/USDT perpetual as an example, short-term bearish pressure is at 116000. It is not recommended to blindly chase long positions near this level. Only if it breaks 116000 can we look higher to 117739-118863-119816. If it rebounds to this range and the "Institution Strong Bear Inflection Point Model" appears, one can consider shorting at that time. Previously, the long position opened with the "Institution Strong Bull Inflection Point Model" on the 1-hour cycle (detailed explanation of this model can be reviewed in the live video) should be followed up for timely profit-taking.