8.19 Thought Analysis and Strategy

From the 4-hour chart, Bitcoin and Ethereum are both affected by divergence, causing the bearish trend to slow down. However, the downward trend for both has not changed.

The key resistance levels for Bitcoin and Ethereum are in the ranges of 116500 - 117000 and 4370 - 4400, respectively. If these two resistance levels cannot be strongly broken in the morning, a pullback can be expected, similar to yesterday's movement; if a successful breakout occurs, long positions may be considered.

Bitcoin trading suggestions

If it rebounds to around 116800-117700, the target is to look down towards around 115800-115000.