August 20 BTC ETH Morning Thought Analysis:

​​Looking back at the market in the early hours of today, Bitcoin reached a high of 114127 and then faced pressure, subsequently showing a downward trend, and finally found support around 112706. Ethereum also corrected from a high of 4235, with a low of 4068 before rebounding.

​​From a four-hour perspective, the market shows a clear characteristic of bearish candlestick arrangement, forming a phase of corrective trend. It should be noted that each time there is a sharp pullback, although the market enters a certain adjustment cycle, it does not change the overall direction of movement, and the bearish single-sided trend remains dominant. On the technical indicators front, the market has formed a bearish divergence pattern, indicating that there may be corrective pressure on the current trend, and the pattern dominated by bears will continue in the short term.

​​Trading suggestions:

​​- Bitcoin: You can place short orders in the range of 113000-113500, aiming for around 112000

- Ethereum: You can place short orders in the range of 4100-4130, aiming for around 4030