BTC quickly fell below 60,000.

Ethereum exchange rate hits the record low.

Will the hard landing of the Fed's economy bring global financial turmoil⁉‼️🔥

First of all, if you are interested in the information from the market screen, you can observe the trend chart in Figure 1. Has Ethereum released a downward signal? We can observe its movement on hourly chart.

After Ethereum hit 2785 and reached its highest point on August 14, two heavy volume bearish candlesticks were quickly found on hourly chart, and ETH plunged to a low of 2585 on August 15, which can be regarded as the beginning of a downward trend. We opened a long psoirion at a low point since the previous upward trend, and took long. After going long at 2625, there was a rebound last night, with price rising to 2680.

As I have told you before, the previous wave of downward trend can be regarded as the beginning of a decline, so our long positions should not be held for a long time and then we opened short posotion after taking profit, making huge gains from both long and short positions. 🤑🤑🤑#MarketDownturn #BinanceTurns7 #MtGoxJulyRepayments