8.27 Zhiming Midnight Analysis and Suggestions
Currently, the four-hour cycle shows a clear bearish trend, with the Bollinger Bands opening downwards, and prices oscillating near the lower band, indicating a weak market pattern. In terms of the MACD indicator, the DIF line continues to be below the DEA line and is moving downward simultaneously. The red bars have not shown significant contraction, and bearish momentum continues to be released, making it difficult for prices to have effective rebound momentum in the short term. Although there are some local changes in the one-hour cycle, the Bollinger Bands also maintain a downward opening pattern. The MACD shows slight signs of bullish correction, but the strength is limited, failing to reverse the overall bearish dominant pattern. For operations during the early morning period, the core thought is to focus on 'selling high on rebounds'.
Zhiming's Suggestions
Bitcoin around 110100-110600, target 119000-118500
Ether around 4580-4620, target 4500-4460
