Xiao Yao KOL: Bitcoin Afternoon Market Analysis 8.20

Currently, the daily level for Bitcoin shows that on August 19, a long bearish candlestick was formed, with the price dropping from 116227.05 to 112872.94, indicating strong bearish pressure. On August 20, a small bullish candlestick appeared, but its strength is weak. After a recent continuous decline in the 4-hour level, it is currently undergoing low-level consolidation. The current candlestick shows slight signs of rebound. The MACD is in the negative zone in the 4-hour cycle, with both DIF and DEA diverging downward. The momentum bars remain green, indicating an overall bearish trend. It is recommended to enter positions at high levels during the day.

Operational suggestion: enter positions for Bitcoin around 114200 to 114800, with a target of around 112500; for Ethereum, enter positions around 4210 to 4250, with a target of around 4130. Market conditions are constantly changing, and this article is time-sensitive. Friends entering the market should primarily follow real-time guidance #加密市场回调 $BTC