Are you confused by the drop of $BTC ? Don't panic! Real-time analysis and trading suggestions for Bitcoin and Ethereum on the morning of Wednesday, August 20:

Do you panic every time the market drops? Do you chase after every break? In fact, there are winning opportunities hidden in the downward fluctuations—looking back at the early morning, Bitcoin started a strong downward trend last night, dropping from the high point of 115847 down to the low point of 112714 around midnight, then oscillating within a small range. Similarly, Ethereum's price strongly declined from the high point of 4340 last night, maintaining this downward trend until midnight, stopping at the low point of 4113. On Tuesday, Qianyu guided the students to operate Bitcoin with two longs and one short, gaining over 4100 points; the same operation was executed for Ethereum, resulting in an additional gain of over 320 points.

From the current market perspective, the range of 112700-113000 has formed preliminary support; if it can hold steady, it may alleviate the downward pressure. Conversely, if it breaks below this range, we need to be cautious about the possibility of further declines toward the 110000 round number. On the hourly chart, the MACD indicator is still below the zero line, and bearish momentum has not completely exhausted, but the pace of the drop has slowed down, and we need to observe the breakout direction of the oscillation range to confirm the subsequent trend. In the morning operations, it is recommended that Qianyu adopts a short strategy.

Wednesday morning strategy:

Short Bitcoin near 114000-1135000, targeting 112000.

Short Ethereum near 4150-4170, targeting 4000.