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8.15 Friday midday Bitcoin Ethereum market analysis and trading suggestions: Your current efforts, hardships, and pressures, everything you endure, are all to accumulate enough ability and capital to do what you prefer, to fight for your right to choose, and to become the master of your own life. From the current market data analysis, the price trend has obviously formed a technical pullback. After two consecutive days of strong pump, the long positions' momentum has weakened, and profitable positions have started to gradually realize profits, leading to a phase adjustment in price. From the daily chart level technical analysis, the current price has experienced a certain degree of pullback, pulling back the gains of the previous two days. After reaching the middle band of the Bollinger Bands, the price did not rebound as expected but continued to test the support level downwards, with buying pressure being relatively cautious. From the 4-hour level, several consecutive candlesticks have closed with long lower wicks, indicating certain buying strength below, but each rebound has encountered resistance from short positions, and the short-term adjustment has not yet ended. Meanwhile, from a more micro perspective at the 1-hour level, the current price is operating within a descending flag consolidation range, with short-term resistance near the trend line formed by connecting previous high points. We still look for a rebound high short strategy in the afternoon.
Bitcoin: short at around 119000-119500, short-term target around 117500. Ethereum: short at around 4640-4660, short-term target around 4550. #美7月PPI年率高于预期# #以太坊ETF突破300亿美元# #BTC再创新高#