8.20 BTC/ETH Evening Silk Road

After the price retraced to the lower Bollinger Band, it triggered a rebound. The short-term KDJ golden cross provided upward momentum, but don’t be misled by local signals—Bollinger Bands are opening downwards, and the MACD dual lines are pressed below the 0 axis with green bars extending. The essence of the overall trend remains weak; the rebound is a correction during the downward movement, not a reversal starting point.

One-hour perspective: The 'illusion' of a short-term rebound

Short-term consecutive gains have pushed up to the middle Bollinger Band, but the bearish pressure is weak and hasn’t pushed back. It seems strong but is actually 'virtual fire'—the rebound has not broken through the downward channel structure. The short-term rebound is a minor episode in the downward trend, not a signal of trend reversal.

BTC: Near 114500 - 115200, target first looks at 112000, if it breaks down then look at 110000 (110k threshold), long-term trend looks at 105000 as key support.

ETH: Near 4250 - 4280, target looks at 4060, long-term can look at 3600 low position #币安HODLer空投PLUME .