8.21 Morning Thoughts

Looking at BTC and ETH, the rebounds are encountering resistance, moving averages are turning down, and there are signs of widening in the Bollinger Bands. Bearish momentum is restarting, primarily focusing on short positions.

BTC

Rebound to 114200, short.

Target at 113000 - 112500, if it breaks down further, look at 112000.

ETH

Rebound to 4300.

Target at 4200 - 4150, if it breaks down further, look at 4100.

The signals of encountering resistance in the rebound are evident, stay in sync with the bearish rhythm, try shorting with a small position, and strictly set stop losses!

Pay attention to Lao Xie, sharing first-hand strategies #BNB创新高 #美联储7月会议纪要 $BTC $ETH