Market Analysis and Trading Suggestions for Cloud Hao xo on August 26



The price of the pancake shows a continuous bearish trend with a series of downward candlesticks. The Bollinger Bands are opening downwards, indicating a clear bearish trend. The price remains under pressure below the resistance level of the 5-day moving average (110720), and the EMA24 and EMA52 maintain a death cross downward trend. Short-term bearish momentum dominates, and downward pressure is significant.

The secondary wife has formed a large bearish candlestick on the 4-hour chart, causing the price to break directly below a key support level, with strong bearish momentum being released; currently, the short-term downward trend remains unchanged, and there is still further room for decline.

It is recommended to place short positions near the range of 110500-111000, with the target looking towards around 108500.
Auntie suggests to position short orders in the range of 4400-4450, with the target looking towards around 4300.
#加密市场回调#
ETH4.48%
BTC1.27%
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