• Today, the price of Ethereum showed a pinning situation in the early morning. After hitting a low point near 1570, it began to oscillate in a narrow range. Currently, the price is running around 1640. Looking at the daily technical indicators, KDJ and MACD have formed a death cross and continue to diverge downwards. The DIF and DEA technical indicators are jointly pressing down. At the same time, from the attached chart indicators, the 5-day moving average (MA5) continues to decline, and the 10-day moving average (MA10) also maintains a downward trend. If the subsequent rebound strength cannot break through the pressure of the 30-day moving average (MA30) near 1705, the bears will continue to exert force.

• Looking at the 4-hour technical indicators, the KDJ three lines are turning downwards, and the MACD long position continues to shrink. From the attached chart, the 3-day moving average (MA3) still shows a bearish arrangement. In the short term, both Bitcoin and Ethereum have stabilized at TD10. Therefore, we suggest focusing on short positions for intraday operations.

8.23 Ethereum Midday Operation Strategy

1650-1640 short, defend 1670, target 1620-1580

8.23 Bitcoin Midday Operation Strategy

26100-26200 short, defend 26400, target 25900-25600

[The above analysis and strategies are for reference only. Please bear the risk on your own. The article review and publication may have a lag in strategy and do not have timeliness. Please refer to Li Shengting's real-time strategy for specific operations.]

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