8.22 Morning Bitcoin Strategy Analysis

There are no trees that grow overnight, nor are there roads that lead to the sky in a single step. Life is full of mud and mire, yet you always say you can "make it"?

Observing the current market, on the hourly chart, the price has fallen below the middle line of the Bollinger Bands, the MACD indicator has formed a death cross with the two lines, and the histogram has dropped below the 0 axis, indicating a clear downtrend. The candlesticks are mainly bearish, with occasional rebounds but weak momentum. During the strong bearish phase, it is recommended to focus on short positions!

BTC Recommendation: 112700-113200🈳 Target near 110000

ETH recommendation: 4280-4300🈳 Target 4150

You need to go with the flow, stay rational at all times, defend well, and don't blindly resist! Wishing you all the best, seize every opportunity, and we will keep moving forward together! #Gate全球首发上线YZY# #加密市场反弹# #美联储7月会议纪要# #BTC# #ETH#