August 3rd Pancake Early Morning Thoughts

From the market performance, the current bearish trend still dominates. The low long strategy provided last night saw a price rebound to around 1130 and a rise of several hundred points, but the upward momentum was clearly insufficient and could not sustain the upward trend.

Considering the current situation, the recommendation for early morning operations is to short in the direction of the trend:

• Pancake can place short positions in the 1140-1150 range, targeting the 1100-1105 area. $BTC #美国加征关税