8.19 Morning Thought Analysis

From the 4-hour Bollinger Bands, the mid-band has not been broken. If there is no effective breakthrough, the upward space is limited, and short positions dominate in the short term.

Bitcoin 1-hour chart shows that the price rebounded and touched the upper band, now has a long upper shadow, the entity is shrinking, bullish breakout momentum is weak, and the rebound volume is shrinking, with weak support. #BTC #ETH

Suggestions:

- Short Bitcoin around 116000-116300, target around 113500.

- Short Ethereum around 4380, target around 4150.