8.22 Morning Operation Viewpoint:

The overnight Bitcoin has repeatedly tested the 1120 level but has not been able to break through it. Although the short-term rebound space is limited, the support at this position is evident. Two points to pay attention to in the future:

• If the 1120 support is not effectively broken, it can still be used as a basis for going long;

• If the support is broken, then look for a downward trend.

Ethereum is also showing a weak downward trend, forming short-term support at the 4200 level after multiple tests. However, considering the overall structure, the current weak pattern has not changed, and there is a high possibility of breaking this short-term support in the future.

Trading suggestion: Place long orders near 1120 for Bitcoin, targeting the 1135 area; if the rebound does not continue after reaching the target area, consider going short.

For Ethereum, place long orders near 4200, targeting the 4260-4300 range; if the rebound does not continue after reaching the target range, consider going short.