8.7 Thursday's BTC Ether market analysis & Silk Road



On the 4-hour chart of BTC, the MACD energy bars show a declining trend with reduced volume, and both DIF and DEA are below the 0 axis, indicating that bearish forces dominate in the short term.
Looking again at the 1-hour timeframe, the price has retraced after testing the midline. During this process, if a K-line pattern such as a "hanging man" or "evening star" forms subsequently, it can be considered a signal to go short.

Morning personal suggestions
Sell BTC around 1150-1155, target 1145.
Short Ether $ETH near 3685-3700, target 3600.

Follow Lao Shan, and if he successfully predicts 5 times in a row, he will give 50u to the selected fan #Gate ETH 挖矿年化收益 5%# .
ETH0.07%
BTC0.23%
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