Tuesday Afternoon Thoughts on 8.19:

The large pancake has been declining since its rebound yesterday, and the strength of the rebound is weak. It is currently experiencing another decline during the day. Based on the current rhythm, the support level for the large pancake at 111850 is expected to be tested again, which may probe the bottom. Otherwise, a significant rebound is unlikely to occur, so our thinking remains focused on shorting during the rebound.

For the large pancake, short directly at 115000-115500, with a target of 112600-111800, and pay attention to the critical level of 110000 if it breaks.

For the second pancake, short directly at 4250-4280 during the rebound, targeting 4160-4000. #加密市场回调 $BTC