Analyst Chen Shu: The strategy on August 21 at noon has once again profited. Pay attention to the resistance level at 11.45 during the night, midnight market analysis / with accompanying trading strategy.

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The US stock indices continue to decline, with the Nasdaq dropping 1.63% right at the opening today, the S&P 500 down 0.89%, while the Dow Jones index has been oscillating near its previous highs without breaking through.

Long at a low position

Good evening everyone, I am Li Shengtian. Trends are like water; those who grasp the source will dominate the world.

The asset allocation of major publicly listed companies towards cryptocurrencies continues to be a focal point of market attention. Among them, Bitcoin and Ethereum, as the two leading assets, are the top choices for institutional holdings.

You can follow the public account of analyst Liang Qiu bb, who focuses on guiding the layout of mainstream coins.

Market Analysis

Analysis

First, after the morning's bottom, the rebound strength is obviously weak. Bitcoin fell from the first round of collapse at 8.17, with a total decline of 3000 points from 117.8-115, and the second drop from last night to this morning.

The market tends to be bearish, shorting on rallies;

Bitcoin Market Analysis

On August 20, Bitcoin, led by the US stock market, fell below the range. Trump criticized Powell again this morning, calling for the Federal Reserve to cut interest rates.