Analysis of the Evening Thought on August 22, $BTC

From the daily chart, the position of 112000-111900 is particularly critical, no further explanation needed. Last month's mid-line short target of 122000 got stuck at 112000, and this time the first target for the medium to long-term short position from 124000 is also around here for reducing positions. If 112000 breaks, quickly increase the short position; short-term trades can also directly follow the short. If it falls below 111000, it basically declares the end of the bullish phase.

Since Bitcoin dropped from the high of 124545, I've been saying that the main focus is on shorting, with occasional short-term longs.

Powell's speech at ten tonight, along with last Friday's situation, I wonder if we will see another 'Black Friday'? #美国初请失业金人数 #美联储7月会议纪要 #加密概念美股普涨