8-27 Wednesday midday trading strategy

According to the current market situation, the four-hour level shows that after experiencing a two-day bullish rebound, the bears have entered a two-day bearish pullback trend. It is obvious that the price is also under pressure at the middle track. Combined with the recent downward trend of the market, it has not completely run its course, and the bulls' multiple rebounds have not provided significant breakthroughs. This indicates that the overall downward trend will continue. From the one-hour level, the market presents a three-day bearish downtrend breaking through the middle track of the Bollinger Bands. The KDJ indicator's three lines have formed a death cross pattern and are diverging downwards, indicating that the downward trend has already begun, and the bears are starting to increase in volume. Therefore, in the afternoon, we will maintain a bearish trading strategy.
For Bitcoin, it is recommended to short around 111000-111500, with a target down to the 109000 area, and defense according to personal position. For Ethereum, it is recommended to short around 4600-4630, with a target down to the 4530-4480 area, and defense according to personal position. #Gate广场七夕心意 #美商务部拟上链发布经济数据 #谷歌云推出 L1 区块链 GCUL .