#BTC# 8.24 Afternoon Analysis



BTC's current price is declining. In the 1-hour candlestick chart, the price continues to break below the short-term moving averages, which are showing a bearish divergence. After the MACD crossed below the zero line, the green bars have been extending, and the trading volume has been increasing alongside the price drop, indicating strong bearish control. The short-term downward trend for BTC is evident, and it may further seek support.
Bitcoin suggestion: Short around 115000, look for 114400 to 113800
Ethereum suggestion: short around 4800, looking at 4760~47200 #Token of Love广场打CALL赢门票# #加密市场反弹#
BTC-2.48%
ETH-8.61%
TOKEN-10.55%
LOVE-1.43%
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