8.16 Morning Operation Ideas

The current market shows that the turning point of the trend is inseparable from the dual effects of strength and time.

After continuous negative lines, the market often brews correction forces, and this has been witnessed in the past uptrend. From evening to early morning, the highs gradually declined, and the lows frequently set new lows, and the short side clearly had the upper hand.

In the small cycle, the market is still deeply trapped in a weak correction trend, entering a pattern of shrinking volume and slow downward fluctuations.

In the meantime, although there are intermittent rebounds, it adds to the risk of accumulating momentum and breaking down. If there is no sufficient power to break through directly, it is necessary to rely on the help of secondary fluctuation space.

In the early trading period, it is recommended to observe the strength of the bullish rebound first, and then wait for an opportunity to go short.

Intraday operation suggestions

Big cake: long around 57000-56500, target around 58000-59000

Auntie: long around 2550-2500., target around 2600-2680#比特币行情 $BTC $ETH