8.26 Evening Bitcoin Ethereum Market Analysis and Trading Suggestions

The market is in a consolidation phase 70% of the time and only trends 30% of the time. Before you become strong enough, talk less about ideologies and study strategies more. Practical experience is the only criterion for testing truth. The current price levels are clear, and the goals are evident: will you continue to be a "bystander" watching others profit, or will you seize this opportunity to recover the losses from early morning? The choice is in your hands, but opportunities will not wait for those who hesitate! Looking back at the afternoon, Bitcoin rebounded from the morning's low and has been stabilizing around 1100 in a consolidation pattern, while Ethereum's movement has been similar, rebounding from the low to stabilize around 4450. Currently, the bears are beginning to exert their strength.

Based on the current market situation, the four-hour level shows that after three consecutive bearish candles, the bulls have provided a rebound. Although the KDJ indicator's three lines have formed a crossover pattern in the short term, the MACD indicator's dual lines continue to extend downward without any signs of reversal, and the Bollinger Bands are opening downward, while the middle line also maintains a downward trend. Therefore, the overall trend remains bearish. From the one-hour level, the market is alternating between small bearish and bullish candles below the middle line of the Bollinger Bands, but the overall structure is still in a downward channel. After experiencing a certain period of consolidation, there is still a demand for further downward movement in price, so our subsequent strategy remains focused on short positions.

This evening, Bitcoin can be shorted at 110000, targeting around 108500.

This evening, Ethereum can be shorted at 4430, targeting around 4350. #比特币 $BTC