Tuesday Morning Thoughts, August 26

Based on the current market, the four-hour chart shows the market continuing its step-by-step downward trend, with prices trading closely against the lower Bollinger Band. The bearish trend is like a surging undercurrent, clear and strong. The market has broken through the recent lows again, and the bearish candlesticks are full-bodied. Under the powerful bearish attack, the bulls are unable to mount any rebound. On the one-hour chart, the bulls are under downward pressure after rebounding from two consecutive positive candlesticks. The positive candlesticks are marked with upper shadows, indicating that selling pressure persists. The MACD histogram briefly recovered above zero, but then again showed strong downward movement, indicating that the bearish dip is not yet complete and the rebound is merely a prelude to a pullback. Therefore, for this morning's trading, we should maintain a high-flying mindset. Bitcoin can be shorted around 110500, with a target of 108000. Ethereum can be shorted around 4400, with a target of 4280$BTC $ETH #加密市场回调 #ETH创历史新高 #币安Alpha上新