8.19 Midnight Ether:

From the hourly level, the market has been climbing upwards after breaking through the middle track of the Bollinger Bands, with all indicator moving averages turning upwards.

However, there is significant resistance from the moving averages above, the MACD dual lines are still below the 0 axis, and in the KDJ indicator, the K and J values have entered the overbought zone. Therefore, it is highly likely that the market will restart its downward trend after being hindered by a rebound.

For midnight operations, it is recommended to first pay attention to the strength of the rebound, and then choose the right time to make a high short position.

Short around 4360~4385, with a target focused on 4200

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