8.21 Morning Thoughts and Suggestions
When a shrinking bullish line flickers against the upper Bollinger Band like a firefly, don't be blinded by this illusionary light. The previous downside volume was the wedge that broke through the dark river, and the rebound with reduced volume is merely bubbles rising on the surface of the water. The upper band of the Bollinger Bands is like a paper door; the harder you hit it, the more thoroughly it collapses. Trends are never a soft gift but the gears that crush fantasies; your holding of positions is a cold insight into the fact that "the rebound will ultimately be a funeral." Uncle Zhang has also repeatedly mentioned that one must be decisive about entering and exiting; if there is profit, then run.
In the 1-hour chart of Bitcoin, one can observe that the short-term Bollinger Bands are showing a biased pattern of "upper band under critical pressure, volume lagging, and uncertainty in the mid-band defense." When the price previously dipped near 112300, volume increased, but the rebound showed reduced volume with bullish candles, confirming that the downward trend is still fermenting. The mid-band of the Bollinger Bands is temporarily considered a dividing line; if the price cannot stabilize and effectively break through the upper band, then once it falls and breaks through the mid-band, the Bollinger Bands may restart a downward channel, with the lower band and the space below still holding a downward expectation, and the downward trend's inertia remains. Friends, always keep your stop-loss in check; if it drops, come back again, as there is still space.
Suggestions:
Bitcoin around 114800, target around 112000,
Ethereum around 4380, target around 4200
