8.19 Market Analysis:
The Bitcoin four-hour chart shows a volatile downward trend, with multiple attempts to break through the middle band of the Bollinger Bands failing. The MACD indicator is running below the zero axis, and the momentum bars have not increased, indicating weak bullish strength.
The weekly chart closed bearish, with previous gains having been given back, and the market is dominated by bears. It is crucial to pay attention to this week's closing performance; if it fails to recover half of last week's losses, it suggests continued bearish pressure, and the downward trend may extend further. Short-term rebound momentum is insufficient, and overall, caution is warranted regarding pullback pressure.
Trading Suggestions:
Bitcoin around 114,000-114,500, with a target looking down to around 111,800-112,300.
Ethereum around 4,180-4,210, with the first target looking down to 4,110; if it breaks through, continue looking down to around 4,060. $BTC $ETH #币安HODLer空投PLUME #俄乌冲突即将结束？ #俄乌冲突即将结束？ #Strategy增持比特币 #ETH质押退出动态观察
