8.21 BTC ETH morning thoughts



Currently, the price of BTC has found short-term support around 112300 and has rebounded, but the overall trend is still in a downward channel. Whether on the 4-hour or 1-hour level, the bearish pattern still dominates. This rebound appears more like a correction in the bearish trend rather than a trend reversal.

The current K-line is still operating below the middle track, indicating a bearish trend. Both DIF and DEA are below the zero axis, with a clear downtrend. Although the MACD histogram has shortened, showing that bearish momentum is slightly weakening, there has not yet been a clear golden cross signal. KDJ shows signs of rebound at a low level, but overall it still hasn't escaped the weak range, and the rebound strength is insufficient to reverse the trend.

So Xiao Zhuge is still bearish in the morning. The current trend is still dominated by bears. This rise is a bear market rebound and correction, and the rebound gives us the opportunity to short!

Personal suggestion
BTC: Entering at 114400-115200, target looking down at 112000, if it breaks, look at 11w, 108000!
ETH: Enter between 4350-4380, target down to 4230-4150, if it breaks, look at 4080, 3800!

#加密市场回调#
BTC-1.42%
ETH-7.6%
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