Analysis of Ideas on August 28th Early Morning

From the four-hour chart, the price has continuously risen from the lower band, reaching near the middle band under pressure, and then entered a correction, failing to effectively break through the middle band, with momentum weakening. Currently, the trend shows a wave-like retracement structure, with the middle band continuing to act as short-term resistance, which we have previously clearly indicated.

The midnight market is expected to continue its current pattern: as long as the middle track resistance is not broken, the downward trend will still dominate the market. Additionally, the upper track is clearly narrowing downwards, with highs gradually decreasing, and bullish momentum has been almost completely exhausted. Therefore, it is recommended to continue focusing on shorting during rebounds.

It is recommended to short when the price rebounds to around 4640-4670, with a target to look down at 4560-4500. If it breaks below, continue to look lower (aggressive traders may short at the current price) #ETH创历史新高