August 18th Morning Bitcoin Strategy Analysis

No tree grows overnight, and no road to heaven is a single step. Life is full of muddy waters, yet you always say you can "make it"?

Observing the current market, the four-hour chart shows that the market broke through the middle Bollinger Band after three consecutive days of positive closes, but then came under pressure, forming a two-day bearish correction. The Bollinger Bands are beginning to narrow, and the middle line continues to decline. The market rhythm has revealed a weak pattern. The previous rebound did not provide a large fluctuation range, so it was merely a temporary correction during the decline.

Analyzing on the hourly chart, the market has fallen below the middle Bollinger Band. The MACD indicator has formed a death cross, and the histogram has fallen below the zero axis. Although the price has rebounded, the rebound is insufficient. Therefore, a high-altitude strategy is recommended today!

BTC Recommendation: 117,500-118,000 🈳 Target: 115,000

ETH Recommendation: 4,530-4,560 🈳 Target: 4,400

Go with the flow, stay rational, be defensive, and don't blindly resist! I wish you all the best. Seize every opportunity. We'll keep moving forward together! #山寨季何时到来？ #币安Alpha上新 #主流币轮动上涨 #加密市场回调 #币安钱包TGE $BTC $ETH $BNB