8.22 Midnight Ether:
From the hourly perspective, the market continues to maintain a strong downward trend. After experiencing three consecutive bearish candles, the decline has somewhat slowed down, but there are no obvious signs of a market bottom overall.
Combining with previous movements, the continuous drop of the bears is always accompanied by rebounds from the bulls. Each time the bulls rebound, it provides momentum for the bears, leading to further downward breaks. Therefore, the downward trend at midnight remains unchanged, and we expect the bears to continue searching for a bottom.
Short positions near 4290～4325, target focus on 4165
