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8.15 Zhiming Midnight Analysis and Suggestions
From the four-hour level, the price rose sharply and then retraced, breaking below the middle band of the Bollinger Bands and approaching the lower band. The short-term trend has shifted from bullish to bearish, with bearish forces dominating. The MACD double lines have formed a death cross, indicating a high probability of continued downward movement in the coin price in the short term. The one-hour level shows the Bollinger Bands expanding and the coin price descending along the lower band, indicating increased volatility and a clear weakness in the short term.
Zhiming suggests
The pancake is around 178000-118500, looking at the area around 117000-116000.
Near the range of 4590-4630, pay attention to 4510-4470.