8.19 Afternoon Bitcoin Market Analysis
The bearish pattern remains unchanged on the 4-hour chart, and short-term consecutive gains are unlikely to change the downtrend. The Bollinger Bands are trending down, with many upper shadows, weak rebounds, and stagnation before reaching the middle band. Bears are dominant, and we should pay attention to potential pullbacks.
Bitcoin is currently oscillating around 1150, with this position serving as support for the afternoon. 1157 is the short-term resistance, and rebounds may face obstacles. #CryptoCircle#
Actions:
- Short Bitcoin at 1158 - 1165, watch around 1140 and 1128.
- Short Ethereum at 4260 - 4290, watch around 4160 and 4070. #加密市场回调 $BTC
