8.28 Initial Morning Analysis
From the four-hour cycle observation, the market rebound's bullish momentum has entered its final stage, with significant resistance to trend continuity.
On the hourly level, although the market has reached near the upper Bollinger Band and formed a series of bullish candles, the body of the bullish candles continues to narrow, indicating a clear lack of market enthusiasm for chasing prices upward, and substantial resistance signals to trend continuity have emerged.
Operation Suggestions
Bitcoin: 111800-112500 short, target 110000-111000
Ethereum: 4530-4600 short, target 4400-4450
