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8.22 Morning BTC Strategy
In the evening, BTC and Ethereum have small fluctuations and are both in a sideways adjustment. From the market perspective, the four-hour chart shows back-and-forth movements without a clear trend, with poor liquidity and significant sell pressure above. The price is testing new low points and is approaching a watershed moment.
The price on the hourly chart is close to the lower boundary, and it bounces back a little before coming down again, showing weakness in the bulls. In the morning, it's still a rebound to go short, and stay flexible to respond to small-scale patterns in real-time.
Suggestion: 112700; 113200 at these two positions, target: 110700 #BTC#