Technology is becoming simpler, and the mindset is gradually becoming simpler as well. Now is the time to be patient, to dare to pursue, to dare to stop loss, and to be profitable. The process of implementing the rules of the currency market is also a process of convincing oneself, constantly persuading oneself to become better. The cultivation of human nature begins with stop-loss and take-profit. Willing to accept losses and confidently win. Making trades is a process of overcoming various psychological barriers brought by investment and reshaping one's behavior.

Market Analysis:

Yesterday, the overall trend of the market was weak and in a state of consolidation. The highest point of the market reached 26,140, but it did not continue effectively. Instead, it rebounded and then fell to a low of 25,320. Currently, the market is fluctuating around 26,100.

From the perspective of the market structure, the downward trend channel of the coin price is relatively regular, adhering to the rule of falling. Although there have been some rebounds on individual trading days, each rebound has been followed by a fall. At this time, every rebound opportunity is suitable for shorting and expecting a fall. At the current stage, there has been no continuation of the low for two consecutive trading days. The low-level oscillation has formed a more obvious anti-fall trend on the hourly chart. Although the rebound strength is not very strong, the long and short positions are in a tug of war again. Next, it is necessary to pay attention to the short-term trend change. The market trend is weak, and in the absence of continuation for both long and short positions, the layout for the day can still revolve around range operations. Personally, I mainly focus on short positions!

Trading Suggestions: (Published on: 2023.8.23 11:10)

BTC: Short at 26,500-26,800, target 25,800/25,300, and consider 24,800 if it falls below.

ETH: Short at 1,660-1,680, target 1,610/1,580, and consider 1,530 if it falls below.

Disclaimer:

The market changes rapidly, and individual opinions and suggestions are not real-time and are for reference only. If there are no positions, wait in cash. For friends who are uncertain about entry points, you can follow the official account below to get real-time entry points combined with the market situation.

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