8.21 Early Morning ETH Analysis

From the market perspective, the four-hour level price is running between the lower and middle bands of the Bollinger Bands. After a doji candlestick, although there was a bullish bar that followed, the upper shadow is relatively long, indicating heavy selling pressure above; the bulls encountered resistance at the middle band position and failed to reclaim it, making it difficult to change the downward trend; the current rebound is a normal correction.

At the one-hour level, the price is gradually approaching the upper band of the Bollinger Bands, and the candlestick also shows a long upper shadow. The bulls have made multiple attempts to breach the upper band but have failed, showing a clear lack of momentum. In summary, the strategy for midnight operations is primarily to short on rebounds.

Big Brother's operational advice: Consider setting up short positions near the rebound range of 4360-4400 for Ethereum. #币圈 $ETH