8.21 Morning Analysis

Bitcoin found support and rebounded around 112300, still in a downward channel, with multi-period bears dominating. This is a trend correction, not a reversal. The candlestick is below the middle track, with DIF and DEA below the zero axis, making the bearish trend evident. The MACD bars have shortened but no golden cross has appeared, and KDJ is rebounding from a low position without breaking the weak trend.

Zhang Heng is bearish this morning, with bears in the dominant position; a rebound presents an opportunity to short. Recommendations:

Short Bitcoin at 114400 - 115200, targeting 112000; if it breaks, look for 110000 and 108000;

Short Ethereum at 4350 - 4380, targeting 4230 - 4150; if it breaks, look for 4080 and 3800.