(Market Analysis Strategy on August 17) From the four-hour candlestick chart, the Bollinger Bands of Bitcoin show signs of contraction, which usually indicates that the market is about to choose a direction, and volatility may increase. The candlestick is positioned below the middle band of the Bollinger Bands, and the moving average system is in a bearish arrangement. The Bollinger Bands are opening downwards, and the candlestick is moving along the lower band of the Bollinger Bands. The bearish arrangement of the moving average system is evident, with each moving average exerting layers of pressure on the price. On the hourly level, the candlestick shows a clear downward trend, the moving average system is in a bearish arrangement, and the price is moving downwards below the moving averages.

Bitcoin: $BTC

Direction: 🈳

Suggestion: Around 117800-118500 🈳

Target: Target around 116000

Ethereum: $ETH 🈳

Suggestion: Around 4460-4480 🈳

Target: Target can look towards 4320

Keep an eye on the market; targets are just guidelines! They cannot be considered absolute values!

The market is changeable, and operations should be flexible! Preserve profits to go further!