Lu Xing's Evening Analysis and Trading Recommendations for August 26th

On the 1-hour Bitcoin chart, the middle Bollinger Band is moving downward, creating resistance with the upper Bollinger Band. Prices rebounded near the middle band before hitting resistance and falling back, demonstrating a weak candlestick pattern. If the price fails to break through the middle band and breaks below the swing low, the Bollinger Bands will open downward, opening up downside potential. Short positions can be taken against the resistance of the middle band, with a stop-loss at a key resistance level above the middle band, targeting the previous low and the lower Bollinger Band. The short-term bearish trend remains intact, and small rebounds are normal. Be sure to set a stop-loss.

Trading Recommendations:

Bitcoin can be traded around 110,600 and 112,000, with targets around 108,600 and 107,500.

Price can be traded around 4470 and 4520, with targets around 4370 and 4280. #加密市场回调 $BTC $ETH