8.30 Morning Thought Analysis

The current market downtrend is quite obvious. Looking at the 4-hour chart, the price of the coin failed to rebound after touching the lower Bollinger Band. Technical indicators are also bearish: the MACD fast and slow lines are both below the zero line, and the RSI and KDJ have issued strong sell signals. In the upcoming operations, special attention should be paid to support levels, especially the key supports at 1060 and 1080 for Bitcoin. If what Auntie said is correct, the downside may reach a maximum of 4200; currently, we need to pay attention to the support around 4300 and wait for the support to stabilize before entering the market.
If the price of Bitcoin is between 1073 and 1078, the target can be towards 11w and around 1110. However, if it falls below the previous low, caution is needed, and don't blindly short. If the altcoin can hold above 4330, then the opportunity for a rebound arises; you can operate between 4300 and 4330, but if it breaks below 4300, you must cut losses.