Wall Street Encryption Morning Report 08.26: Big dump! BTC has lost the critical support, repeated testing of the bottom has become the main tone.

Opinion: Since last week, we have repeatedly emphasized the importance of BTC 112000 for the bulls. If it fails to hold, the price may head towards 100000. Currently, from the weekly and daily charts, it has become a fact that the market is repeatedly testing the bottom to find new support levels. Therefore, in terms of trading strategy, as mentioned in yesterday's morning report, fans who are bullish should look for key support levels for small wave high selling and low buying, and they need to enter and exit quickly without being attached to the trades; fans who are bearish can also take the opportunity to short at highs after a rebound.

Operation strategy: Pay attention to the bullish support counterattack positions near 109300 and 108200, as well as the bearish resistance short positions near 110800 and 111800;

Risk Warning: Operations must be timed and positioned accurately. For buying on dips, set the stop loss at 107200; for shorting on highs, set the stop loss at 112600.