Analysis of long and short positions for the BTC/SOL/ETH contracts on August 26: August has come to this.

Another wave of selling occurred in the early morning, and many BTC friends were scared into a fetal position. In fact, this wave of selling has reached the position of MA120 we set earlier for a rebound. This is the first time it has reached here on the daily chart, so there will be some support. If today's daily candle closes as a bearish candle and breaks down, then a real downtrend can begin. If it closes as a small bullish candle, then the last few days at the end of August will still align with our initial judgment: oscillating and converging between MA120 and EMA15.

The resistance level for $BTC today is here at 111250. If it stabilizes, we can consider a support-resistance swap to see 112400, where the resistance level at 113400 is a point to attempt a short position. The support below is at 107500 and 105000. Since the whales like to annoy people, we won't make a trade until we reach the extreme point that annoys people.
The current support for $SOL is in the range of 181-180, and the resistance level above is at 195, which must be held in order to see the pressure at 198. The level between 201-203 is a point where short positions can be attempted.
$ETH The current long positions for Ethereum are at 4220 and 4160. The upper resistance level of 4540 is quite important, and after stabilizing above it, we look at 4660 and 4730. For a short position, 4540 can be tried.

In summary, if today's daily line cannot close with a bullish line, there is a possibility of continuing to probe downwards, which would be at the positions of 107500 and 105000 for Bitcoin. However, considering that market manipulators generally do not provide significant movements at the end of the month, it's better to lower expectations. Just relax and let the end of the month pass! #ETH#