8.21 Morning Analysis
Big Coin: Can be traded around 114500-115000, with a target towards 112800-113400
Second Coin: Can be traded around 4330-4380, with a target towards 4250-4280
In the midnight yesterday, after reaching a low of 113200, the Big Coin stopped declining and rebounded, climbing to a peak of 114569 in the morning, and then faced selling pressure; the Second Coin's trend synchronized with the Big Coin, slightly retracing to a low of 4263 before rebounding, and after reaching a high of 4378 in the morning, also stopped and retreated.
From a four-hour perspective, after the rebound, the market shows a consolidation pattern, with the middle band of Bollinger Bands remaining a key resistance zone for the rebound, which has not yet been broken, and the middle band line continues to move downward, thus the overall trend still leans towards the downside.
