Morning Thoughts on August 20

The Bitcoin price is oscillating near the lower boundary of the downward trajectory range. During this time, there has been fierce competition between bulls and bears, with the bear side dominating most of the time and strongly maintaining the continuation of the downward trend.

Ethereum shows an increasingly obvious downward trend, with very few bullish forces. As time goes by, the elevated price levels are gradually being erased by the bearish side and continue to extend downward, lacking significant upward momentum.

Trading Suggestions

Bitcoin is bearish near 113500, looking towards around 112000.

Ethereum is bearish near 4130, looking towards around 4000. #区块链