8.26 Afternoon
The current market is once again caught in a range-bound oscillation, with short positions being pulled back and forth. The short-term trading space is fully utilized, and the oscillation range is clearly indicated to us. Bitcoin is oscillating in the 109700 - 110000 range, while Ethereum is oscillating in the 4370 - 4450 range.
Overall, the price operation logic resonates with technical indicators, and the bearish trend structure is solid. The short-term downward trend remains unchanged, and the strategy of rebounding to short positions remains the same.
Bitcoin can be traded around: 110300 - 111000, with a target of 109300-108300
Ethereum can be traded around: 4450 - 4480, with a target of 4370-4250
