Good morning, August 17! BTC longs suddenly made the first move early this morning, driving volume up to 63363 before coming under pressure and falling back to 62685. From the four-hour perspective, short-side volume is stronger, so the main strategy this morning is to go short. Last Friday, we achieved six consecutive wins with one short and six longs, totaling around 5300+200 points. $BTC Mingyuan, morning of 8/17: Short around 63000-63500, targeting around 62300-61500. $ETH Mingyuan, morning of 8/17: Short around 1890-1910, targeting around 1850-1810.

Ethereum and Bitcoin: be cautious about going long! ETH will almost certainly hit 1855 within three days!! If it moves quickly, it could hit it today!!! Also, 1900 may be harder to see later!!

From the chart, it is clear that after BTC rebounded and rose to test the 63300 resistance level in the early morning, the bulls lacked momentum, and the price quickly pulled back, dipping as low as around 62600 and forming a clear resistance pattern at the highs. On the daily chart, last week saw consecutive bearish closes and an almost vertical decline, with only a doji and a small bullish candle for consolidation in between. The center of gravity continued to move downward, while the large-scale descending channel remained intact. The daily chart shows a tendency to decline and test the 62600 support, which has already been retested multiple times. Will it be able to hold on the next retest? After the short-term consolidation is complete, the bears still have a chance to further extend the downside. There is still no clear signal of a bottom or stabilization. Do not blindly buy the dip or go long; focus mainly on shorting rebounds. BTC: Short near 63300 on a rebound, targets 62500→61800 ETH: Short near 1895 on a rebound, targets 1850→1820 #GateLaunchpool瓜分141万枚DOS $BTC ‌$ETH ‌