8.18 Evening BTCÐ Short-Term Strategy
From the 1-hour chart, BTC and ETH have experienced a significant decline, and although there has been a small rebound, the moving averages are in a bearish arrangement and the Bollinger Bands are opening downward, indicating a short-term bearish trend. However, after the oversell, there is a demand for a small rebound. The strategy is divided into two steps:
BTC
Short: If it rebounds to 115500 - 116000 (MA7 resistance), open a light short position, targeting 114000 - 113862 (Bollinger lower band support), with a stop-loss at 116500.
Short Long: If it breaks below 114000 and then rebounds quickly, a light position can be taken to bet on an oversold rebound, targeting 115000, quick in and out.
ETH
Short: If it rebounds to 4350 - 4400, open a light short position, targeting 4200 - 4177 (Bollinger lower band support), with a stop-loss at 4425.
Short Long: If it breaks below 4200 and then rebounds quickly, a light position can be taken to bet on an oversold rebound, targeting 4300, quick in and out.
Core: The trend is bearish, mainly focusing on shorting rebounds; after an oversell, take small positions to try short longs, with strict stop-losses, do not hold positions! The market is weak, managing risks comes first.
