Analyst Chen Shu: Effective attention on short positions at 11.2 break on 8.22 afternoon, midnight market analysis/attached trading strategy

Market Analysis: The daily line of Bitcoin is currently forming a small bearish candle. As mentioned in the afternoon article, the rebound did not exceed 11.48, so we continue to treat it as a bearish trend. The current price is once again approaching the key support level of 11.2. Pay attention to the break of this level; if it breaks 11.2, it will accelerate the decline to test the support at 11.05. For Ethereum, after a short-term rebound to the high point of 4380, it has started to retrace. If it cannot break and hold above 4380, we will treat it as bearish. The short-term support levels are 4100/4000, and we should focus on these two positions for the retracement. For both cryptocurrencies, it is not recommended to go long; wait for another retracement before entering.

Trading Strategy (Published at: 00:00):

BTC: Short at 11.32/11.37, target 11.2; consider long positions around 11.05/110,000. ETH: Short at 4270/4320, target 4100/4000; consider long positions around 4000/3900.

The daily analysis strategy has a very high win rate! Analysis is not easy, so I hope everyone can give a free follow, bookmark, like, and comment. Thank you all, and feel free to leave a message below for discussion; I will reply to each one!

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