Thoughts on the evening of 8.19
After BTC fell sharply overnight, today's white market remains at a low level and is trading sideways. Short positions are strong, and rebound shorts are the main focus of operations. The short-term pressure is 59,000, and you can continue to go short near this area.
On the four-hour chart, the market fell on three consecutive negative K lines. With the fall of the big negative line, the price broke through the bottom middle rail and entered the middle and lower rail areas. At present, the power of shorts is significant. Although the market has briefly recovered after hitting the bottom, the rebound is limited. The market outlook is still dominated by shorts. We are not in a hurry to buy the bottom. We will maintain the idea of a short rebound.
Operation suggestions
The market is empty at 58900-59200, and the target is near 57000
Ether 2630-2600 is empty, the target is near 2550
