8.21 Early Morning Thoughts
U.S. stocks have collectively fallen sharply, and the expectation of an interest rate cut by the Federal Reserve seems distant. In this context, it is clearly unwise for the market to continue its rebound.
Regarding Bitcoin, after previously rising to around 114,000, it quickly turned downward. Although there was a slight rebound during this period, it was more of a short-term trap for buyers, and the overall downward trend has not changed. Therefore, operations at midnight should primarily focus on short positions.
Trading Suggestions:
Short Bitcoin when it rebounds to the 113,800-114,300 range, targeting around 111,500-112,200;
Short Ethereum when it rebounds to the 4,290-4,350 range, targeting around 4,160.
