8.22 Morning Analysis
Bitcoin can wait for a rebound, around 113100, 113600 range
↓ Look for 112000-111500 nearby
Ethereum can wait for a rebound, around 4280, 4350 range
↓ Look for 4200-4140 nearby
Reviewing the night, Bitcoin moved down from the 114000 line↓, the lowest touched was the 111900 line before stopping📉, entering a short-term consolidation phase.
From the hourly Bollinger Bands perspective, the current three lines overall maintain a downward inclination, indicating that the short-term trend remains in continuation, and the overall market is showing weakness.
Dian Wei gradually stabilized after touching the lower band support, and is currently slowly recovering towards the middle band, showing a technical rebound demand after a short-term decline📉, but the rebound strength has not yet broken the overall downward structure.
