8.30 Trend Analysis:

Today's trend analysis: The daily chart shows that there were three consecutive negative corrections after the previous high.

Although there were positive lines in the short term, the energy was insufficient and the rebound failed. The market left a long upper shadow, indicating that the bulls failed to counterattack and the market was still dominated by the bears.

On the 4-hour chart, the continuous positive trend was ended by a large negative line. The current market rebound is weak, and technical indicators show that the bearish trend may continue to fall.

Therefore, the operation strategy should continue to adhere to the idea of ​​shorting at high levels.

Personal advice:

Bitcoin: short at about $59,600, with a target of less than $58,000.

Ethereum: short at about $2,550, with a target of less than $2,480.

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