8.22 Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions are as follows:
From the daily chart of Bitcoin, there is significant pressure above, with consecutive candlesticks showing enlarged bearish bodies, indicating that bearish forces are continuously strengthening, and the downward momentum is accumulating, leading to an increasing downtrend, overall presenting a weak pattern.
In this bearish-dominated market, following the trend is a more prudent strategy. Switching to the 4-hour level, the downward trend is clearly visible, with bearish candlesticks dominating; even if there is a rebound, the magnitude is relatively small, further confirming the strong position of the bears.
Therefore, trading suggestions are to position short around the rebounds:
Bitcoin: Short directly in the range of 112800-113300, targeting near 110000
Ethereum: Position short in the range of 4250-4280, targeting near 4100 #杰克逊霍尔会议
