8.22 Midday Thoughts and Suggestions

Due to a recent influx of friends joining, along with some personal reasons, I haven't been able to update the posts in a timely manner over the past couple of days. I hope everyone understands. However, yesterday morning's strategy post is essentially consistent with the situation until early this morning. Several medium to long-term friends have gained nearly 2500 points on Bitcoin, 130 points on Ethereum, and I won't mention the shorter-term trades. Friends who haven't caught up should seize the opportunity.

On the 1-hour chart of Bitcoin, the upper band of the Bollinger Bands forms a short-term strong resistance. After a rebound to near the upper band, the K-line produced an upper shadow indicating a stagnation pattern, highlighting concentrated selling pressure. Meanwhile, the upper band also indicates a downward turn, showing a signal of “contracting and then potentially diverging downwards” after the opening, combined with the fact that the volume during the rebound phase has not continuously increased, showing a slight lack of support for the upward trend. If the middle band breaks down, it is expected to open up adjustment space for the downward extension of the Bollinger Bands. The pressure from the upper band is clear, and the short-term expectation of the trend is more favorable for a downward movement. However, the middle band shows signs of flattening, and stop-loss measures should be taken to prevent a significant rebound!

Suggestions:

Bitcoin can be shorted near 113600, targeting around 111000,

Ethereum can be shorted near 4380, targeting around 4100 near #美国初请失业金人数 $ETH