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Morning thoughts on 8.24
After a downward trend on the four-hour timeframe, there has been a two consecutive bullish candle rebound, but the bullish candle bodies are small, and the price shows stagnation in rising. The KDJ lines have converged and are diverging downward again, while the MACD histogram continues to shrink above the zero axis, indicating a high probability of transitioning into a downtrend.
Although the hourly level shows a step-like upward trend, the Bollinger Bands are opening downwards, the middle line is moving down, and the KDJ indicator's K and J values are turning down after being overbought. Bearish momentum is gradually being released. In summary, morning operations should focus on shorting at high levels.
Operational Suggestions
BTC: 115500-116000 range, target around 114000;
Auntie: 4800-4830, target looking around 4700. #区块链