BTC/ETH Market Analysis on Monday Afternoon, 8.18

The morning market saw a stepwise decline, with BTC reaching a high of nearly 117900 and a low of nearly 114900, currently fluctuating around 115100.

The hourly Bollinger Bands are widening, increasing volatility, and intensifying the tug-of-war between bulls and bears, with bears dominating.

Action: Short on rebound in the afternoon.

- BTC: Short around 116000, target 114800 - 114200.

- ETH: Short around 4350, target 4270 - 4230.