‼️August 21 Market Urgent Report + Mr. Strong Encryption Daily‼️

1.#BTC

The overall market is currently in a state of adjustment, and this state will last for a while, mainly characterized by a downward fluctuation.

Students coming to the live broadcast room should not be surprised by the release of BTC's liquidity. It's best for everyone to prioritize risk and keep long positions light while speculating on the market for 1-2 days. Set stop-losses properly to avoid small losses turning into big losses.

Consider entering long positions only after standard patterns appear on the daily chart. The 1-hour chart currently shows signs of a breakout from a downtrend, and we will use the downtrend line as a standard to make small-scale rebound trades.

2.#ETH
ETH and BTC resonate with each other, but ETH is clearly stronger than BTC. The rebound heights are different, both struggling at the 1-hour and 4-hour trend lines. There has been a decline for some time now, and there is an urgent need for a rebound to prove the existence of the leading asset. We continue to pay attention to the pullback and the starting point; we must defend well. We are waiting for the market's second breakthrough of the downward trend to provide opportunities for long positions.

3. Current key support level for #BTC:

--BTC 1-hour level trend rebound, opening price: around 113800, stop loss: 113471, take profit: around 115000.

--The ETH long position is still unclear, so we will observe for now. If it resonates with BTC, for the more aggressive traders, we will open a long position near 4300, with a stop loss at 4256 and a take profit around 4430.

Note: When you lack confidence in the market, there often will be surprising rallies.