Xiao Yao kol: Bitcoin and Ethereum Evening Market Analysis 8.16

Yesterday afternoon, the strategy was to enter at a high position; the market fell all the way down, with Bitcoin and Ethereum hitting lows of around 116800 and 4360, respectively. The market has taken off directly. Currently, the daily chart for Bitcoin shows a large bearish candle on August 14, accompanied by a significant drop in volume, forming a clear top reversal signal. In the recent 4-hour cycle, the coin price has been oscillating between 117000 and 118000, testing the support level multiple times but failing to effectively break through the upper resistance. On the daily MACD level, both DIF and DEA are diverging downwards, with green bars continuing to expand, indicating a dominant bearish trend. On the 4-hour level, after the DIF and DEA death cross, they continue to move downwards, indicating short-term downward risks. Tonight, it is suggested to enter at high positions.

Operation suggestions: enter Bitcoin around 118000 to 118500, targeting around 117000; enter Ethereum around 4480 to 4520, targeting around 4400. The market conditions change constantly, and the article has timeliness. Friends entering the market should primarily rely on real-time guidance #美联储取消创新活动监管计划 $BTC