8.21 Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions

There are no shortcuts in the crypto world; only deep cultivation and steadfast action. Do not fear short-term losses, as they are an inevitable path to long-term profits. Reviewing the early morning market, the trend has shown a pattern of falling and then rising, followed by another drop, indicating a fluctuating market adjustment. This morning, it fell from a high of 114821 to around 1140, and currently, there is a tug of war between bulls and bears, with the bulls facing pressure above and bears still holding the dominant advantage.

Currently, Bitcoin is operating within a clear bearish structure. The rebound highs are gradually decreasing, and it has consistently failed to effectively break through the resistance of the previous low, indicating insufficient buying strength in the market, and bullish momentum is gradually waning. Meanwhile, the price is approaching the key support area of the previous day's low, with the downward target about to be reached.

In terms of trading, the overall structure still maintains a bearish pattern. Before key resistance levels are effectively broken and the structure truly shifts to bullish, it is not advisable to make any bullish layouts. The trading mindset should still focus on shorting at highs, patiently waiting for the price to move closer to the target.

In the afternoon, Bitcoin can be shorted at 114500, targeting around 113000. In the afternoon, Ethereum can be shorted at 4340, targeting around 4250 #比特币 $BTC