Analyst Liang Qiu: On August 18, Bitcoin and Ethereum had a major victory. Currently, looking for a short-term rebound near support.

Yesterday afternoon, Bitcoin surged before experiencing a significant decline from the high of 4574 and around 118550, with a relatively large overall drop. In our videos yesterday afternoon and late at night, we repeatedly reminded about the Silk Road trend, which also fell as expected, with a considerable overall space. Currently, the market has reached a low of 114900 and around 4248, not too far from the previous box support below. There is no need to chase long positions; a rebound can be anticipated, but the breakdown situation below also needs attention.

In terms of K-line patterns, the daily level shows that the price has continued to decline after a recent surge, forming a clear downward trend. The past two days have consistently closed in the red and have broken below previous low support. At the 4-hour level, a "head and shoulders top" pattern is forming, with the right shoulder confirming a break below the neckline around 4450. In technical indicators on the 4-hour cycle, both DIF and DEA are operating below the zero axis, and the histogram is expanding, indicating enhanced bearish momentum. The daily level also shows a death cross, with bears dominating. However, in the short term, the market has dropped to the lower edge of the previous box structure, so a rebound can be anticipated, with resistance at 4400 and 119000 remaining unchanged above.

Operational suggestions: Bitcoin near 114500 to 115000 for a long position, targeting around 117000; Ethereum near 4230 to 4260 for a long position, targeting around 4350.

【The above analysis and strategies are for reference only; please bear the risks yourself. The article's review and publication may not be timely, and specifics should be based on real-time conditions】 #加密市场回调