8.26 Tuesday Noon Analysis

From the 4-hour chart analysis, Bitcoin shows a clear bearish pattern: the price has been closing with lower candles consecutively, the Bollinger Bands are opening downwards, and it remains under pressure at the key resistance of the 5-day moving average at 110720; additionally, the EMA24 and EMA52 death cross pattern continues to trend downwards, indicating a clear short-term bearish trend with downward momentum prevailing. #BTC

Suggestion: Short Bitcoin at 110500-111000, below 108000#加密市场回调