8.20 Zhiming Morning Analysis and Suggestions

Currently, observing from the four-hour level, the market shows a clear characteristic of bearish candlestick arrangement, forming a stage of corrective trend. It is worth noting that after each pin bar pullback, the market enters a certain period of adjustment, but this has not changed the overall direction of movement, which is still dominated by a bearish unilateral trend. On the technical indicator level, a top divergence pattern has formed, indicating that there may be pullback pressure on the current trend. Meanwhile, the golden cross pattern of the fast and slow lines continues to decline, and the death cross that appears during this period further reinforces the pullback trend, indicating that bearish strength is continuously accumulating, and the depth of the trend is also deepening. Overall, the bearish-dominated pattern is expected to continue in the short term.
Zhiming suggests
Look at the range near 113500-114000 for Bitcoin, and check around 112500-112000.
Ethereum is around 4150-4200, looking at 4080-4050.