8.21 Bitcoin long-short ratio continues to soar, strategy follows the trend to rebound high short.
After Bitcoin peaked at 124545, it has pulled back. The daily K-line Bollinger middle track and lower track are both opening downwards, with overall high pullbacks continuously closing in the red. The weekend saw two bullish doji stars which are insignificant for the pullback. The price has currently pulled back to a low of around 112500, testing support near the lower track. MACD bears are continuously gaining momentum, and the price on the 4-hour level is supported at the lower track for a rebound. Subsequent operations should continue to focus on high shorts, but do not be too aggressive in chasing shorts; the support below is at 112000 and 110000.
Earlier on Monday and Tuesday, we had already taken profits from high shorts, so we advised everyone to take high shorts instead of approaching support to chase shorts. The upper resistance to watch is at 115000; if the rebound is pressured here, it will continue to test the support at 112000 to 110000. High shorts can initially consider trying here, with a small stop loss. If this level is broken, then consider participating in high shorts again at 116000 and 117000.
Ethereum pulled back after reaching a high of 4794, oscillating downwards. Currently, it is receiving support from the daily K-line Bollinger middle track for a rebound. Whether it can effectively break down requires time to verify. However, if the 4000 level is broken, the space below will open up, with 3850 and 3500 as lower support. The current price is around 4300, and the high short strategy remains unchanged. The upper resistance to watch is at 4380; enter high shorts around here, with lower targets looking at 4100 and 4000. For friends who are not satisfied with recent market operations, consult btc0796 to discuss the market together.
Operational suggestions:
Bitcoin 115000-115500 short, target around 113000-110000. Stop loss at 116500.
Ethereum 4380-4430 short, target around 4150-4000. Stop loss at 4480.
