Evening analysis on August 22
BTC is currently trading lower. In the 1-hour candlestick chart, the price has consecutively broken below the short-term moving averages, which are in a bearish arrangement. After the MACD formed a death cross below the zero line, the green bars continued to extend, and the trading volume has been released as the price declines, indicating that the bears are in control. There is a high possibility that BTC will continue its downtrend in the short term. #Cryptocurrency Market Correction
Bitcoin recommendation: Short around 112600, watch 112000 to 111400.
Ethereum s
View OriginalBTC is currently trading lower. In the 1-hour candlestick chart, the price has consecutively broken below the short-term moving averages, which are in a bearish arrangement. After the MACD formed a death cross below the zero line, the green bars continued to extend, and the trading volume has been released as the price declines, indicating that the bears are in control. There is a high possibility that BTC will continue its downtrend in the short term. #Cryptocurrency Market Correction
Bitcoin recommendation: Short around 112600, watch 112000 to 111400.
Ethereum s