8.22 Morning Operation Strategy
Tonight, Old Powell's speech currently indicates that the probability of interest rate cuts is below 70. Pay attention to Old Powell's remarks tonight. In the current market where bearish sentiment prevails, following the trend is a safer approach. From the four-hour perspective, the downward trend is very clear, with a majority of bearish candles. Even if there are limited rebounds, this further demonstrates the strength of the bears. In the morning, focus on short positions, set proper stop losses, and do not go against the trend.
For Bitcoin, consider shorting around 112800-113500, targeting 111800, and if it breaks further down to 110800.
For Ether, consider going long around 4250-4280, targeting 4200, and if it breaks further down to 4000.
