Morning Market Analysis on 8.21

I. Core Market Viewpoints

1. Trend Qualitative Assessment: After gaining short-term support near 112300, prices rebounded, but overall remain within a downtrend channel. The current rebound is a trend correction behavior, not a trend reversal, and multi-timeframe charts are still dominated by bears.

2. Technical Indicator Signals:

- The K-line continues to run below the middle track of the moving average, and the bearish trend structure has not been broken;

- In the MACD indicator, both DIF and DEA are below the zero axis, clearly indicating a bearish pattern. Although the MACD green bars have shortened, a golden cross has not yet formed, and the rebound momentum is weak;

- The KDJ indicator, although rebounding from a low position, has not exited the weak range, and the sustainability of the rebound is questionable.

III. Morning Trading Suggestions

Bitcoin (BTC)

- Short Entry Range: Open short positions below 114000

- Target Price: First target 112000; if it breaks below 112000, it can be seen down to 110000, 108000

- Trading Logic: Enter based on the rebound resistance level, aligning with the current bearish dominant trend structure $BTC #美联储7月会议纪要