Evening Market Analysis on August 19

Looking back at the afternoon trend, Bitcoin started to rebound from 114,300 points, rising all the way to around 115,600, forming a small-level rebound momentum.

From the hourly Bollinger Bands structure, the current three lines are running parallel horizontally, indicating that the short-term market is in a consolidation phase, with a relatively balanced supply and demand.

Based on this, the trading suggestions are as follows:

Bitcoin: Consider placing short positions around 116,100-116,600, with the target looking toward the 114,500-113,700 range.

Ether: It is recommended to short around 4,350-4,430, with the lower target focusing on the 4,250-4,170 area. $BTC