August 20th, Wednesday's latest trading strategy for Bitcoin:

From the four-hour chart, Bitcoin is showing an overall downtrend, with the Bollinger Bands all tilting downwards. After breaking below the middle band, it has continued to test the lower band, which provides some support but has not effectively curbed the downward momentum. Looking at the MACD indicator, both lines are in negative territory and have formed a death cross, clearly indicating that the short-term bearish trend is dominant.

From the one-hour chart, the Bollinger Bands are diverging downwards, with the price tightly following the lower band, further highlighting the significant characteristics of a short-term downward channel, with bearish forces firmly controlling the market direction. Currently, the market atmosphere is heavily bearish. Therefore, short-term positioning can mainly focus on high short positions.

Bitcoin: around 114500 as the resistance, with support at 115200, looking down to 112000-111000.

Ethereum: around 4200 as the resistance, with support at 4230, looking down to 4100-4000.