The short position from yesterday has been closed after replenishing today, and then once again rebounded to continue shorting, unfortunately hitting the stop loss. As of now, Bitcoin has rebounded over 2000 points, and Ethereum has rebounded over 200 points.

The initial jobless claims have been announced, with the number of initial claims for unemployment benefits for the week ending August 2 at 226,000, expected at 221,000, and the previous value revised from 218,000 to 219,000. This is an increase of 5,000 from expectations, which is slightly bearish for US stocks, so this evening we can attempt to short.

Evening trading plan for August 7:

Short one contract of Bitcoin at the rebound of 116,500-117,000, with a stop loss at 117,700, and a target looking at around 115,500-115,000-114,500. If it breaks, look at around 114,000-113,500-113,000.

Short one contract of Ethereum at the rebound of 3,840-3,880, with a stop loss near 3,920, and a target looking at around 3,800-3,750-3,730. If it breaks, look at around 3,700-3,650, and continue adjusting the stop loss according to the situation! #比特币流动性危机