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Event ends: August 9, 16:00 UTC
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After a day of watching the market. The long orders still can't hold steady, and the upward main structure has been broken! Additionally, an upward divergence structure has formed. If the long orders are not working, reduce most of the position and exit. The previous high neckline pressure is difficult to overcome, and the downtrend still prevails. It seems that the market maker is still in risk avoidance. They don't want to intervene in the market too early! In this way, BTC will maintain a retracement trend line, judging around the range of 1165 to 1157 for high short positions, with a target at the 1127 trend line support. When it's time, we can consider taking the opposite position for long. Ether still maintains the 3550 divide between long and short. When it comes, follow the plan we discussed earlier during the live broadcast! Just go for the short and set a stop loss, and exit when it holds steady. For aggressive traders, go long near 3450 with a target of 3550; if it holds, it could trigger a reversal! If BTC needs to retrace to the trend line, Ether will go to 3313, so the short position can be played around 3480, breaking below 3435 and continuing to break below the 3313 level! Alright, I'll start the broadcast around 9 PM! Leave a message if you have any questions!