8.26 Initial Analysis of Thoughts in the Early Morning
Technical analysis of Bitcoin on the 1-hour level: after a weak support at the lower Bollinger Band, it rebounded and broke through the middle band, facing strong resistance at the upper band. Currently, it is fluctuating near the middle Bollinger Band. The short-term Bollinger Band opening is also showing signs of contraction, and the middle band is gradually flattening. Although there is still no obvious bias signal, the buying support appears to be slightly insufficient.
Trading Suggestions
Bitcoin: Short at 112700-113500, target 110000-111000
Ethereum: Short at 4640-4700, target 4500-4550
