Thoughts from early morning on 8.21



U.S. stocks fell sharply, and the expectation of a Federal Reserve rate cut seems far away. Against this backdrop, it is clearly unwise for the market to seek further gains.

In terms of Bitcoin, after quickly rising to around 114,000, it quickly reversed and declined. Although there were small rebounds during this period, they were more of short-term traps to lure in buyers, and the overall downward trend has not changed. Therefore, operations at midnight should still focus on short positions.

Operation Suggestions:
The pancake rebounded to the 113800-114300 range for short positions, with the target looking towards the vicinity of 111500-112200;
Auntie shorted in the 4290-4350 range, targeting around 4160 #加密市场回调#
BTC4.06%
ETH13.24%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)