Morning Thoughts on 8.18

Looking back at the market early this morning, Bitcoin peaked at 118200 before retreating to stabilize at 117200. Then, the bulls started to push, and the price experienced a wave of upward movement, currently stabilizing around 117700. Ethereum mirrored Bitcoin, reaching a high of 4564 before quickly dropping to 4425, then rebounding to around 4532, and currently stabilizing around 4500.

From the four-hour level, it shows that the price is operating below the middle line of the Bollinger Bands, and all three lines are showing signs of flattening, indicating that the bears were relatively strong at that time, and the market's volatility is relatively stable. The MACD is positive, and the DIF is above the DEA, so the morning thoughts can still focus on high shorts.

Bitcoin: Short in the range of 117500-118000, target around 116500

Ethereum: Short in the range of 4470-4500, target around 4400