8.28 Evening Strategy
BTC 4-hour level has tested support near 112000 multiple times, currently in a high-level consolidation state, with clear resistance during the upward movement. Although the 4-hour MACD bearish momentum has weakened somewhat, the daily trend has not yet turned, so in the short term, we still view it as a bearish oscillation.
ETH is synchronously following the pace of BTC, the 4-hour line also lacks upward momentum at high levels, with clear characteristics of resistance during rebounds, overall leaning towards a correction trend.
Operating Suggestions:
BTC: Lay short positions in the 113000-113500 area, with targets down to 112000-111000 and stop loss at 113700;
-ETH: Lay short positions in the 4600-4630 area, with targets down to 4500-4400 and stop loss at 4650.
