BTC and ETH Market Analysis and Trading Strategy for the Morning of August 20th

Market observations show that after a brief period of weakness and consolidation, the overall downward trend continues under pressure.

The market is currently experiencing a volatile situation: on the one hand, bearish forces continue to exert their strength, and the overall market remains weak and downward. On the other hand, the 1-hour timeframe has revealed positive signals, with bullish momentum gradually accumulating and the number of bullish candlesticks increasing, indicating signs of a rebound.

Overall, a short-term strategy of buying low and selling high is recommended, as follows:

Bitcoin: Short positions are deployed in the 114,000-114,500 range, with a target of 112,000-113,000.

Ethereum: Short positions are deployed in the 4200-4260 range, with a target of around 4000. #加密市场回调