August 22 Evening BTC & ETH Analysis

BTC hit its previous low again during the day. While there was a rebound, the momentum remains weak, leaving the possibility of a second bottoming out this evening. Currently approaching its previous range, we await directional confirmation.

ETH, after earlier breaking below its channel, is currently retracing and confirming its trend, entering a critical phase of market verification. Tonight, Powell's speech and the performance of the US stock market may serve as short-term market indicators.

Trading Strategy

BTC: 111,600–111,300 remains a key defensive zone. If it stabilizes, consider placing long positions in batches. Rebound targets are 113,610–114,680. A break above 115,700 could open up further potential.

ETH: Focus on the 4230–4160 support zone. If it stabilizes, consider a long position, with targets at 4380–4430. If it breaks below, be wary of a potential drop to 4050–3960. $BTC #BTC走势分析 $ETH #ETH走势分析 #加密市场回调