The second week of August has ended. Unlike the sharp fluctuations last week, the market performance this week was relatively mild. At the beginning of the week, the exchange rate hovered around the 57,000 mark and then rose to a maximum of 61,296. Later, it was under pressure and fell, reaching the support level of the 56,000 mark. Despite this, with the strong efforts of the bulls, the exchange rate rebounded again. Overall, the market this week was dominated by wide fluctuations, and the market fluctuations were large, which was a manifestation of the market looking for direction. Except for one loss order for Cake and Ethereum on Monday, our layout during the week was good. Cake has a total of more than 21,000 points of space, and Ethereum has a total of more than 1,000 points of space. Friends who keep up with the strategy in time have undoubtedly made good profits.

From the current weekly line, the ups and downs last week formed a 10,000-point pin cross star K line. The trading volume of both long and short sides this week has decreased relatively, and the market has gradually entered the accumulation stage. From the lower shadow of the current weekly line, it can be seen that the exchange rate rebounded rapidly after testing the bottom support. Although the weekly line has closed positive for two consecutive weeks, the increase is relatively limited. Whether the bulls can dominate the market in the future still needs to observe the changes in the evening market. From the daily line, the current market has risen for three consecutive days, and the K line is gradually approaching the pressure level of the middle track, but the resistance of the middle track is more obvious. Whether the market in the evening can break through and stand firm on the middle track is the key. If it can stabilize, the overall market will be more inclined to bulls; otherwise, the market may continue to repeatedly test the pressure level of the middle track in a wide range of fluctuations. On the 4-hour chart, the weekend market tested the upper track twice. Although the trading volume was small on the weekend, the market still showed an upward test, which put pressure on the bears. Since the kinetic energy of the bulls was released during the day, there may be a retracement in the evening, providing operating space for the bears. We will treat it with a rebound short idea.

Bitcoin short near 60300, target near 58800

Ether short near 2690, target near 2600#美国CPI数据连续第4个月回落 #新币挖矿TON #美国7月PPI低于预期 #WBTC #TON