Key support under pressure, the trend of the market is rapid, focus on these key positions. Good morning brothers, on Monday the teaching chain gives everyone a hint that the lowest key positions for this round of correction are 112000, 110000, one at 4100, 4000, a prophecy fulfilled. This morning as the market opened, Ethereum has already reached the support at 41000, and Bitcoin has also reached around 113000.

The teaching chain believes that the deepening of this round of correction has two reasons: the first is that the M-stock has also formed a double top, and the N-index is very weak; the second is the uncertainty about interest rate cuts in September, which leads many people to run away before Thursday. There will be a Federal Reserve meeting at 2 AM on Thursday. Rather than betting on uncertainty, it is better to retreat in advance. Since we have already taken the lead,

Given that the daily chart has once again closed with a large bearish candle and no obvious structure has appeared, and the 4-hour slope is increasing with the MACD continuing to expand, the teaching chain believes that for intraday trading, it is mainly about rebound strategies, just as the teaching chain said yesterday, the bottom cannot be seen on Wednesday, and there is also a probability on Thursday. When practice is implemented, it will return to rationality.

Rebound strategy

Short around 114000, add short at 114500-115000, target 112000, if strong look at 110000.

Long around 4150, add long near 4200, look at 4000, if strong look at 3890.