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Wall Street Encryption Morning Report 08.21: Steady! The longer hold the perilous position, will the bears continue to wreak havoc?
Viewpoint: After a day of repeated games, the longer side has currently held the 112000 danger zone, making yesterday's morning report trading strategy of long arbitrage at 112700–114200 a reality. So, is the longer side now completely at ease? Not really. From the hourly chart, it can only be said that the longer side has achieved a phased victory, but the momentum for active offense is insufficient (the longer side's hero Wu Song is still on vacation), which means that today the shorter side will still test the firmness of the danger zone. Therefore, finding good points for low absorption remains a prudent strategy.
Operation Strategy: Longer can accumulate in batches near 113200 and 112300, and reduce long positions near 115200 and 115800.
Risk warning: If the shorter effectively breaks through 111800, the longer should temporarily take profit and stop loss while observing.