8.18 Monday Zhiming Morning Analysis and Suggestions
From the current market perspective, Bitcoin futures are alternating between bullish and bearish on the daily chart, with the price positioned above the middle track, unable to break out of the range pattern. In the short term, there are repeated oscillations, constantly fluctuating up and down around the range structure. The four-hour chart shows a clearer view, with the sideways rhythm still not giving much adjustment, and the Bollinger Bands are beginning to narrow. If the upper pressure does not break in the short term, considering the overall structure, the price will likely decline again. It is recommended to continue to look for short positions around the low points.
Zhiming's Suggestions
Bitcoin 117800-118500 nearby for shorting, looking at 117000-116500 nearby
Ether 4500-4550 nearby for shorting, looking at 4440-4400 nearby
