August 26 Morning Analysis: Market Trend is Weak, Important Positions Undergoing Testing

In the early hours of Tuesday, major cryptocurrencies rebounded to around 112897 but failed to hold, followed by a price fluctuation and decline, hitting a low of about 109219, where the downward trend paused before showing a slight recovery. Another major cryptocurrency exhibited a similar trend, continuously adjusting from around 4644, stabilizing after a low of 4331, followed by a slight consolidation.

From the 4-hour K-line pattern perspective, since the high point near 117300, the price has shown a gradual downward trend, forming a weak structure with obvious downward adjustments in stage highs and lows. Recently, after a brief consolidation around 109219, although there was some rebound, it failed to return above the key level, instead breaking below the recent fluctuation range in the form of a solid bearish candle, further confirming the market's weak momentum. During the rebound process, the bullish candle bodies were relatively short, indicating limited market participation, and the current recovery is more inclined towards a technical adjustment.

Overall, in terms of operation, it may be advisable to look for suitable opportunities during the market rebound. $BTC