8.20 Midday Navigation Analysis
4-hour: Significant decline followed by fluctuations, still in a downward channel. MACD green bars, death cross diverging, leading to a bearish trend.
Daily: MACD death cross, trend weak. Short-term may see an oversold rebound, but daily RSI is not extremely oversold, and the downward potential remains.
Strategy: Do not catch the bottom, return to sell high
A rebound is an opportunity to adjust positions and sell high, not a time to catch the bottom:
BTC: Around 114300 - 115000, target 112500 - 113000
ETH: Around 4200 - 4240, target 4080 - 4020
