8.20 Wednesday Early Morning BTC/ETH Analysis

Recently, the market has been fluctuating in a "washout" pattern since the high on the 14th, with the lower bound continuously breaking down. After reaching a new high, BTC pulled back to fill the gap, with the key support at 111800: a valid stop of the decline would continue the bullish trend, while a break below would look towards 108000.

On the four-hour level, the middle band of the Bollinger Bands is under pressure and falling, with the lower band moving down; however, the KDJ zero axis golden cross is about to form, and the MACD bears are reducing in volume, with 111800 being a strong short-term rebound point.

Trading Suggestions:

- BTC: Long at 111800-112500, target 115000-116000

- ETH: Long at 4080-4150, target 4300-4350 #币安HODLer空投PLUME #加密市场回调 #俄乌冲突即将结束？ $BTC $ETH $BNB