Ethereum Analysis on the Early Morning of 8.21:

From the market perspective, the four-hour level is situated in the middle-lower range of the Bollinger Bands. Although there was a bullish candle following a doji candle, the long upper shadow highlights heavy selling pressure above; bulls are blocked at the middle line and have not managed to reclaim it, making it difficult to reverse the downward trend for now. The current rebound is a normal corrective movement.

At the one-hour level, the market is gradually approaching the upper band of the Bollinger Bands. The candlesticks also show relatively long upper shadows, and bulls have repeatedly attempted to break through the upper band without success, indicating a clear lack of momentum. Overall, the strategy for midnight trades should focus on shorting during rebounds.

Trading Suggestion: Consider placing short orders if Ethereum rebounds to the range of 4360-4400. #美联储7月会议纪要