Latest operational ideas for Bitcoin on Friday, August 22:

From the current perspective, Bitcoin is once again probing lower and the daily line has closed in the red, completely giving back yesterday's gains. The moving averages are forming a death cross pattern and are continuing to diverge downward.

From the 4-hour chart, the trend has shown five consecutive downward candles with a gradual pullback, maintaining a one-sided downward channel, with the oscillation center continuously moving lower. The bearish momentum is steadily being released; although the offensive has slowed down, the rhythm remains steady.

From the 1-hour chart, the trend is showing a wave-like structure continuing to probe lower. Currently, it is necessary to pay close attention to the breaking situation of the previous low point at 112000. In terms of short-term operations, we will focus on short positions moving forward.

Bitcoin: Targeting around 113000, with a stop at 113800, looking down at 111500-110500.

Ethereum: Targeting around 4250, with a stop at 4280, looking down at 4150-4050.