8.15 Midnight Analysis

Technical Analysis: Short-term trend weakens, bears clearly dominate

1. Four-hour level: After a price surge and subsequent drop below the middle Bollinger Band, further decline approaches the lower band, indicating that the short-term trend has shifted from rising to falling, with bearish forces currently dominating the market.

2. MACD Indicator (four-hour): The dual lines have formed a death cross, combined with price trends, indicating a high probability of continued downward movement in cryptocurrency prices in the short term.

3. One-hour level: The Bollinger Band continues to expand, and the cryptocurrency price is persistently moving down along the lower band, indicating increased short-term market volatility, while the weak pattern is very apparent.

Operation Suggestions: Bitcoin: Short near 118500-118000, target focus on 117000

Ethereum: Short near 4580—4550, target focus on 4450