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8.22 Morning Market Analysis:
Bitcoin and Ethereum fell and then rebounded overnight, but overall remain under pressure. The four-hour chart shows six consecutive bearish candles, with bears in control, continuously approaching the lower boundary, and the rebound is weak. Although the one-hour chart shows a temporary halt in the downward movement, there are no clear signs of a bottom formation. After a rebound, it often breaks down again, so we continue to look for bearish movements in the morning.
Operation Suggestions:
BTC 112700-113300 short, target 111700-111100
Ether short 4270-4300, target 4210-4160