8.22 Morning Thoughts

The market on Friday looks quite weak in the short term, but you never know when a V-shaped reversal might occur, so stay alert!

The adjustments these days have been very straightforward, continuously moving down with bearish candles, and it seems like the weekly chart will show a big bearish candle again, indicating a poor short-term rhythm. However, pay attention to the round numbers, as they are prone to reversal trends.

For Bitcoin, the main resistance is at 114,800, while support is at 111,300. If there is a rebound to 113,000-113,500 in the morning session, short if possible, and first target 111,800. At this position, it might be possible to arrange a short-term long position for a trial.

As for Ethereum, it has dropped but not too deeply, showing some signs of stabilization. As long as it holds the 4,000 level, it likely can rebound. If possible, short around 4,300, following the rhythm of Bitcoin, and wait for a stabilization before looking for a reversal together.

That's all for now, I feel like it won't drop too much in the next few days. Friends who are shorting must carefully manage their positions and risk control; don't accidentally short at the bottom, or you'll incur significant losses $BTC $ETH #BNB创新高 #名人MEME热潮 #杰克逊霍尔会议 #美联储7月会议纪要 .