8.20 Afternoon Ether:

On the 1-hour level, the moving averages are in a bearish arrangement, forming a strong resistance zone. In the MACD indicator, the current expansion of the red bars is limited, resembling a weak rebound during a downtrend. The key support level recently is around 4060; if this level is broken, the drop may accelerate.

Short positions near 4225-4250, with a target focus on 4090.

Most of yesterday's short positions have already profited.