August 19th Evening Bitcoin and Ethereum Market Analysis and Trading Recommendations

Those seemingly "missed" short-term opportunities for quick riches often ultimately prove to be traps. The "unimaginable benefits" that truly belong to you will only arrive quietly and in a way far beyond your initial imagination after you firmly believe in value, have a keen understanding of cycles, ignore the noise, and allow time to nourish your faith. Looking back at the afternoon market, Bitcoin dipped to a low of 114,366 before slightly retreating and stabilizing around 1150, awaiting a correction. Bitcoin is currently trending upward, but the upward pressure is limited. Bullish momentum is lacking, and bears are also gaining momentum. The bulls and bears are vying for a breakthrough, unable to break through, and have been fluctuating around 1155. We will continue our short position until this correction ends tonight.

The current market shows that Bitcoin has experienced two consecutive declines on the daily chart and is trading below the middle line. Overall, bullish sentiment is subdued, and market control is likely to fall back into the hands of bears, suggesting the start of a new correction cycle. After several days of intense volatility and bull-bear tussle, the market has finally returned below the middle line, and the daily bearish trend continues to deepen. In the short term, weakness is evident, and this accumulating weakness is unlikely to be reversed quickly. Even if there are signs of a rebound in the short term, it will not change the momentum of the bearish trend. Therefore, we recommend continuing to enter a short position, following the bears' lead and waiting for further downward corrections.

Tonight, Bitcoin can be shorted at 115,600, with a target around 114,000.

Tonight, Ether can be shorted at 4310, with a target around 4220. #比特币 $BTC