8.18 Early Morning Market Analysis：
On the four-hour level, after a price spike, it has shown a downward fluctuation. The current price is running below the middle track, indicating significant short-term resistance above. The MACD indicator remains in negative territory, although the green bars have slightly shortened, suggesting a weak rebound potential, but overall it is still in a bearish range, and the downward momentum has not fully dissipated.
On the one-hour level, all indicators point to a bearish dominance, and the downward momentum is gradually being released. Overall, the trading strategy for the early morning can still revolve around short positions, noting that the short-term rebound strength is limited, and the overall bearish trend remains unchanged.
Trading Suggestions：
Bitcoin range 118000-118500, target down to around 116500-117000
Ethereum range around 4540-4570, target down to around 4440-4470 near $BTC $ETH #BitDigital转型 #美联储取消创新活动监管计划 #美国7月PPI年率高于预期 #中国投资者涌向印尼 #币安钱包TGE
