Tuesday, August 18

BTC, ETH daytime outlook
Upon closer inspection, the line wasn't collected very well. The minor rebound ultimately stopped around 116900 and began to decline again. The gains from overnight vanished in an instant during the morning, causing further downward testing. The insights shared last night can be said to be half in line with expectations and half not. What met expectations was the failure to break through 117000 and stabilize, leading to a drop to the pre-set long position nearby, as well as the reminder from last night for short positions to revolve around the 117000 area, which basically had a profit margin of over 2000 points. What did not meet expectations was that the original forecast anticipated at least a false breakout attempt even if it couldn't stabilize above 117000, but that did not happen. The rebound was also too weak, so we still need to wait for the main force to take action.
Based on the current trend, to restore the minor rebound trend, it is necessary to break through the morning's starting point around 1168. Without this, the previous market will continue to weaken. Therefore, during the day today, we can first observe a minor pullback, and after the US market opens, if there is a pullback, we need to look for a downward movement. For an upward movement, we still need to wait for a better position; the best timing has not yet arrived.
(Kongdan position reference 1163-1165) Break through 1170 to leave the field.

The trend of ETH is gradually synchronizing with Bitcoin, and it seems to be fluctuating along with the overall market. After a rebound last night, it also started to decline near 4360 this morning. Therefore, a small-level rebound must break through this position again. Additionally, if the market continues to test downward, the second coin may drop even deeper. During the day, just like Bitcoin, we should wait for a rebound to observe. Before and after the US market opens, we will look for downward movement, but the position for long orders should be set at a lower level near 2165, with a needle point at around 2134.
(Kongdan position reference 4346-4376) Break through 4395 and exit.

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