8.18-8.22 Summary and Midnight Strategy Suggestions

On Saturday and Sunday, I won't elaborate on the discussions here at Uncle Zhang's regarding some trading strategies. This week, the shipping situation was generally in a noticeable downtrend until Friday night when there was a significant surge, and I wonder how many traders were caught in this spike and how many are now stuck. Many friends have previously asked Uncle Zhang for advice, and I have repeatedly emphasized the importance of setting stop losses, but how many actually listened? What good is it to reach out to me after the fact? From Monday to Friday, the major currency has gained a total of 23,333 points, while Ethereum has gained 2,025 points (based on statistical data from the tables).

In the 4-hour technical analysis of Bitcoin, the Bollinger Bands continue to converge without showing upward breakout momentum, instead gradually flattening the upper band, creating dynamic resistance on the price comparison. Currently, the price is oscillating around 114,700, constrained by the upper Bollinger Band and facing selling pressure from above. Additionally, the volume appears somewhat weak, with the volume during the rebound phase significantly lower than during the downtrend phase, reflecting a lack of buying strength. The key short-term support focuses on the area below the middle line of the Bollinger Bands at around 114,000. If this level is lost and not quickly reclaimed, the Bollinger Bands could open downward, driving the price closer to 112,000 or even lower. Although Ethereum's current trend differs from Bitcoin's, it still has a major trend direction, and Ethereum needs to observe the breakout of the new highs above. Set stop losses and avoid having a gambling mentality; don't overthink if you don't have the strength.

Suggestions:

Bitcoin around 115,600, target around 112,500,

Ethereum around 4,860, target around 4,600 near $ETH #杰克逊霍尔会议