8.20BTC/ETH Morning Market Analysis

Friends, how is the holding situation of BTC and ETH lately? Prices have been hitting new lows consecutively, under the pressure of market speculation, how should we choose?

First, let's look at BTC. After breaking a new high at the 1245 level, it fell into a slump, dropping to the 1127 level in a week. From a technical perspective, on the 4-hour chart, it is trending down along the lower Bollinger Band. The MACD shows a decrease in volume at the peak, but on the daily chart, there is a clear death cross pointing downwards with continuous volume expansion. The hourly rebound failed to break through the 1246 level, indicating that the overall trend is still dominated by the downward movement, and a further decline is likely.

Trading Suggestions:

BTC: Around 1135 - 1140 for short, targets at 1127, 1118, 1108

ETH: Around 4130 - 4170 for short, targets at 4030, 4000, 3940#币安HODLer空投PLUME

Everyone, please maintain strict defense.