8.20 Morning Thought Analysis

From the four-hour chart, the market shows a stepwise downward trend. The price has broken through the lower band of the Bollinger Bands, and the momentum has been increasing, with the Bollinger Bands continuing to open downward. Although there is a slight rebound now, the upward strength is clearly insufficient, and the overall trend is still around the lower band of the Bollinger Bands.

From the one-hour chart, after the price rebounded above the lower band of the Bollinger Bands, there were still two bearish candles indicating a pullback. However, from the previous trend, the lower band of the Bollinger Bands provided some support and offered a springboard for the rebound. Therefore, this morning there may be a slight rebound first, followed by a downward movement. In terms of operations, consider going short after the rebound.

For Bitcoin, a short can be considered around 113500, with a target of looking at 112000.

For Ethereum, a short can also be considered around 4160, with a target of looking at 4000.$BTC $ETH #俄乌冲突即将结束？ #ETH质押退出动态观察 #山寨季何时到来？