Deer Star 8.23 Afternoon Thought Analysis and Operating Suggestions

Currently, the trends of Bitcoin and Ethereum are highly similar, both showing a "stair-step down" pattern. Observing the 1-hour chart, both have approached the middle band area of the Bollinger Bands. In the short term, it is essential to focus on the validity of the breakthrough at the middle band resistance level. Specific key levels to track: Bitcoin at 115200, Ethereum at 4638. It is necessary to observe whether there is an effective breakout. If the above key levels achieve an effective breakout, the short-term trend may escape the current downward rhythm and could form a "rounded bottom" pattern, at which point it would be time to turn around, set a stop loss, and avoid holding onto losing positions.

Operating Suggestions:

Bitcoin around 115200, 114200, target looking towards 117000, 118000.

Ethereum around 4690, 4635, target looking towards 4800, 5000.

(Personal views are for reference only; everything is subject to actual trading!) #杰克逊霍尔会议 $BTC $ETH