August 18 Bitcoin Ethereum Market Analysis

This week, the curtain has been lifted, with new developments in the Trump meeting attracting market attention. Did Russia agree to a disguised NATO entry for Ukraine? What is the necessity of this geopolitical change? On the other hand, the Jackson Hole summit has become a key event this week. How will the Federal Reserve decide? What is Powell's attitude? The market waits quietly. Bitcoin and Ethereum surged and then retraced, while gold weakened.

Technically, at the 124500 high point structure, the downward trend is evident, with a retest of 118500 indicating a return to weak demand. The critical position remains unbroken, and upward movement requires stimulation, with 116500 becoming key; on the 4-hour chart, the emergence of central K-line and pattern breakdown indicates a downward expansion, pointing towards 113000; MACD shows a second death cross below the slow and fast zero axis, with no downward demand unfolding. The momentum bar has broken below the zero axis, indicating a struggle between bulls and bears.

Bitcoin analysis: Today's strategy has a somewhat structural trend, with bears holding the advantage. Current focus is on the key levels of 116500-115500, which will experience fluctuations.

Buy at 113000, stop loss at 112500, direct: 114700-115500

Sell at 117700, stop loss at 118150, direct: 113000-115500-116600.

Ethereum:

Technically, a downward structure is forming, coinciding with a renewed failure at 4580, reflecting not only the market's attention to this week's events but also the key trends. A downward central structure is forming, and market reactions must be noted. Areas: 4450-4575. On the 4-hour chart, the appearance of a narrowed downward K-line indicates that the support at 4330 is playing its role, while 4517 becomes the current key for a rebound, potentially signaling a downward movement. MACD shows a golden cross near the zero axis being damaged, with signs of crossing below the zero axis. The momentum bar has already broken below the zero axis and is increasing in volume.

Ethereum analysis: Maintain a high short position during the day, and watch for fluctuations in long positions.

Long position near 4350, stop loss: 4330, direct 4430-4470.

Sell at 4500, stop loss 4540, direct 4375-4400, look for a breakdown to 4150-4330.

Daily Reminder: Always use a stop loss when opening a position; do not open a position without a stop loss.