Evening of August 26
Bitcoin 1-hour level, the middle band of the Bollinger Bands is downward, forming resistance with the upper band. The price rebounded near the middle band but faced resistance and fell back, with obvious weak characteristics in the candlestick pattern. If it cannot break through the middle band and falls below the low point of the fluctuation, the Bollinger Bands will open downwards, creating space for a downward move. You can consider light short positions based on the pressure of the middle band, with the stop-loss set above the key resistance level of the middle band, targeting the previous low and the lower band of the Bollinger Bands. The short-term bearish trend remains unchanged, and a slight rebound is normal, so be sure to set a stop-loss.
For Bitcoin, you can short around: 110600-112000, targeting 108600-107500
For Ethereum, you can short around: 4470-4520, targeting 4370-4280
#btc #ETH
Bitcoin 1-hour level, the middle band of the Bollinger Bands is downward, forming resistance with the upper band. The price rebounded near the middle band but faced resistance and fell back, with obvious weak characteristics in the candlestick pattern. If it cannot break through the middle band and falls below the low point of the fluctuation, the Bollinger Bands will open downwards, creating space for a downward move. You can consider light short positions based on the pressure of the middle band, with the stop-loss set above the key resistance level of the middle band, targeting the previous low and the lower band of the Bollinger Bands. The short-term bearish trend remains unchanged, and a slight rebound is normal, so be sure to set a stop-loss.
For Bitcoin, you can short around: 110600-112000, targeting 108600-107500
For Ethereum, you can short around: 4470-4520, targeting 4370-4280
#btc #ETH
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BTC
111,508.57
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ETH
4,476.19
-2.20%