Analyst Liang Qiu: 8.22 Bitcoin/Ethereum repeatedly surged and retreated, with analysis on the early morning market

Bitcoin/Ethereum market has repeatedly surged and retreated, and the market has weakened and declined again, especially for Bitcoin which has tested the 112000 line multiple times; under this trend, it may directly break down. Ethereum today has also surged multiple times above 4300, with a clear tug-of-war in both long and short positions, and we expect a pullback and decline based on this pressure level.

From the K-line pattern, the daily level shows the recent price oscillating at a high level, with the market repeatedly surging and retreating. Bitcoin has weakened first, with a feeble rebound; the 4-hour level shows a continuous pullback trend, with highs gradually lowering and lows also slightly rising, presenting a short-term consolidation pattern. In terms of technical indicators, in the 4-hour cycle, the MACD histogram has turned from red to green, and both DIF and DEA are below the zero axis, indicating that current momentum is weak, but the bearish strength is slowing down.

For early morning operations, it is recommended to enter a short position for Bitcoin near 112800 to 113300, targeting around 115000; for Ethereum, enter a short position near 4260 to 4280, targeting around 4160.

【The above analysis and strategies are for reference only, please bear the risk yourself; the article's review and publication do not guarantee timeliness, please refer to real-time data】#BNB创新高