Analysis of the morning thoughts on $ETH for the 8.1.

From the 15-minute candlestick chart, the ETH/USDT price is showing a downward trend, with the current price at 3,681.15 USDT and a 24-hour decline of 4.12%. The market bearish sentiment is quite strong.
Operational ideas and point suggestions:
• Short Selling: If the price rebounds to the 3720 - 3740 range and signs of stagnation appear, such as small-bodied candlesticks combined with shrinking trading volume, you may attempt to short with a light position, setting the stop loss at 3770.
• Long: If the price effectively breaks below the 24-hour low of 3,616.66 and drops to around 3600 - 3610, then shows long lower shadows and other signals to stop the decline, while the trading volume significantly increases, a small position can be taken to go long, with a stop loss set at 3570.