Friday morning thoughts on 8.22, go long first then short

The overnight Bitcoin repeatedly tested but ultimately could not break through 1120. Although there is not much short-term rebound space, this support level is quite obvious. There are two scenarios for the future market: if it cannot effectively break below the 1120 support, it remains bullish. If it breaks down, it will follow the trend downwards.

Ethereum is also in a weak downward trend, repeatedly testing around the 4200 line to form short-term support. In terms of the overall structure, Ethereum is still in a weak position, and breaking below the short-term support is just a matter of time.

It is suggested to go long near 1120 for Bitcoin, aiming for the 1135 area. If it goes up but does not continue, switch to short. For Ethereum, go long near 4200, aiming for 4260-4300. If it goes up but does not continue, switch to short.