8.25 Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions

Through rain and wind, we persevere without complaint, forging ahead to create brilliance. Many in the crypto community have lofty ambitions, daring to change the appearance of the sun and moon. Looking back at the afternoon market, the morning Bitcoin was also pulled back from 113692 to a low of 112159, and then surged back to around 1136, corresponding to the morning's high point. The market trend is as we expected; after reaching 1136, it faced resistance above and started to rebound. We set up short positions here, and then it rebounded to around 1122, allowing our students to take profits of over a thousand points.

Based on the current market situation, from a four-hour perspective, the market still maintains a tendency to approach the lower Bollinger Band. Although the candlestick pattern shows two consecutive bearish candles, the size of the bullish body is relatively small. In the short term, the pressure from the upper Bollinger Band still exists, which also means that the bulls have not provided much room. Since the bulls cannot deliver a strong breakthrough, the probability of a downward movement after going through consolidation in the future is likely to increase. From a one-hour perspective, the market is running close to the lower Bollinger Band, and neither bulls nor bears have shown strong performance. The KDJ and RSI indicators are all extending downward, further demonstrating ample bearish momentum, which continues to dive. Therefore, we will continue with a bearish mindset in the afternoon.

In the afternoon, Bitcoin can be shorted at 112000, targeting around 110500.

In the afternoon, Ethereum can be shorted at 4650, targeting around 4580. #比特币 $BTC