Yueying: Bitcoin and Ethereum Market Analysis for August 26th - Still Strong, But Beware of Plunge (with Short-Term Strategy)

On the daily chart, Bitcoin broke through the previous high but closed with a long upper shadow bearish candle, indicating downward pressure. Intraday trading continued with high-level consolidation. The Bollinger Bands are widening upwards, short-term moving averages are trending upwards, the MACD fast and slow lines are extending upwards with decreasing volume, the KDJ is trending downwards with support around the 50 level, and the VR indicator is consolidating around the 200 level. On the 4-hour chart, the price is oscillating above 78000, currently trading above the middle Bollinger Band. The Bollinger Bands are trending upwards horizontally, short-term moving averages are slightly downwards, the MACD fast and slow lines are trending downwards with increasing green volume, the KDJ is turning downwards with support around the 0 level, and the VR indicator is consolidating around the 130 level. Overall, the market continues to fluctuate at high levels. New highs were reached but not sustained, and the 80,000 mark has not yet been firmly established. In the short term, it's advisable to buy on pullbacks. Whether a minor top has formed depends on the market's performance towards the end of the week. The resistance level to watch is the previous high; a break above this level would target 83,000. Support is seen above 76,500. See short-term recommendations: Bitcoin: Buy at 77,300. (Take profits as needed after strategy activation). Ethereum's technical picture hasn't changed much, and there's been no significant rebound. This kind of sideways consolidation after a rally is prone to sharp drops and shakeouts. However, in the short term, it's best to follow the trend. Watch for short-term support around 2400, and the resistance level is still the previous high. See short-term recommendations: Ethereum: Buy at 2406. (For more cryptocurrency analysis, click the image to see the homepage introduction and find Yueying). — I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!