Morning thoughts for Friday, August 15th, focus on short positions

From the current market perspective, although there has been a slight rebound in prices, the rebound strength is weak and has not formed a sustained upward trend. Overall, it remains within a framework of oscillating downward trends, with prices currently hovering around the 118500 point.

In the future, pay close attention to the pressure situation between 119000 - 120000 points. This range is both the lower boundary of previous oscillations and an important dividing line for short-term bulls and bears. If the subsequent rebound fails to break through the pressure in this range, the market is likely to continue its current weak oscillating pattern; only when prices effectively stabilize above 120000 points can the existing weak balance be broken, gradually warming market bullish sentiment.

At $ETH , short near 119000 with a target in the 117000-116500 range.