8.26 Market selling pressure intensifies, can Bitcoin hold the 100,000 mark?

Bitcoin shows continuous bearish candles on the 4-hour chart, with the Bollinger Bands opening downwards, and the price remains under pressure below the 5-day moving average of $110,720. The EMA24/52 continues to cross downwards, indicating a clear short-term bearish trend.

Recently, trading volume has shrunk dramatically, which usually indicates a lack of market momentum and could lead to a temporary stagnation or downtrend. Key positions: Important support below to watch is $110,500 and the $108,000-$110,000 area. If the latter is broken, it may open up more significant downward space. Recent resistance above is at $114,000 and $113,000.

Ethereum has formed a large bearish candle on the 4-hour chart, directly breaking through key support levels, and bearish momentum is strongly released. Although there are some bullish signals on the technical side (such as a bullish arrangement of moving averages), the dramatically reduced trading volume and price-volume divergence limit the upside potential.

The key position has already fallen below the $4,400 mark today, with the next important support around $4,300. The strong resistance level for any rebounds above is near $4,700. For friends who are not satisfied with recent market operations, consult btc0796 to find me for market discussions.

Trading suggestions:

Short Bitcoin at $112,500-$113,000, target around $110,500-$108,000. Protect against $114,000.

Short Ethereum at $4,640-$4,680, target around $4,500-$4,350. Protect against $4,730.