Bitcoin and Ethereum market analysis and trading strategy in the early morning of August 19

The daily chart shows that the recent price has retreated from a high level, forming a long upper shadow bearish candle, with heavy selling pressure above. After several days of continuous highs, there are signs of adjustment. On the hourly chart, the price gradually pulled back from around 4380 to about 4356, showing a volatile trend in the short term, but overall still in the rebound phase of a downward trend. The hourly MACD histogram has turned positive from negative but with weakened momentum, and the fast and slow lines are still operating below the zero axis, with limited current rebound momentum and bearish strength prevailing. The hourly RSI is 49, close to the neutral zone, and has not entered the overbought or oversold range. The hourly EMA7 at 4330 crosses EMA30 at 4364, with the price currently constrained by the EMA30 pressure; EMA120 at 4428 is far from the current price level, and the direction of the long-term moving averages still points downward.

Ethereum: Sell at 4380-4420, target: 4300-4285
Bitcoin: Short at 116700-117000, target: around 115500 #美7月PPI年率高于预期# #以太坊ETF突破300亿美元#