#BTC走势分析 and Opening Strategy on August 21

Currently in a rebound repair market after a sharp drop.

Short-term view is a rebound, medium to long-term trend is bearish,

Support: 111950～112500,

Resistance: 115300～117000,

If it effectively breaks the previous low, it will continue to decline,

If it breaks through 117000, it will continue to test 120000,

Bullish-Bearish watershed: 117000,

Opening Strategy:

Trade short-term along the support and resistance,

For medium to long-term, look for breakouts; if none, wait,

Tonight at 10 PM, Powell's speech is expected to cause significant market fluctuations,

We will provide a live translation of the speech content at the first opportunity.