On August 20, the experienced investors discuss coins: BTC and ETH have both reached near the daily support level, the rebound has begun, and the rotation of altcoins has started.

Market Review and Analysis

The BTC market was expected to continue its decline yesterday, and this morning it directly reached the 112-113 range, similar to ETH's 4000-4200 range. BTC's defense at 112-113 is very important. As long as it does not break below the 112 level in the next two days, it will not touch the daily support level between 108-112. Today, it has already reached just over 112, so this is where we can look for support rebounds. ETH is guarding against the 3950-4050 range. In the recent days, it has directly fallen to this level, with a similar trend as BTC. This morning, the lowest spike was 4070, which is very close to the previously guarded spike range of 3950-4050, and it has also reached the counterattack position of the 4000-4200 range. So now, BTC and ETH are basically synchronized to the support rebound range, especially as the decline of altcoins has gradually decreased, with no more room to fall. The stop-loss situation has occurred. The current market can directly look for a rebound, and the decline of altcoins has gradually decreased, even this round of decline has not reached or exceeded the decline of BTC. So now it is very clear that altcoins should enter the market when they should, focusing on the trends of DOGE and SOL, and also considering the trends of JTO and WLD. Although these two cryptocurrencies are not as strong as the first two, they are at a very low position, basically at an absolute bottom position. Everyone should manage risks well and not hesitate.

Today's Market Interpretation

The BTC market has currently reached the support level. At the four-hour level, it is advisable to slightly guard against a second test of the support in the 1126-1132 range. The first resistance level to pay attention to above is the 1145-1160 range. The key resistance to focus on above is the 1176-1185 range, which is the key point of focus for this round of rebound. For today and tomorrow, it can be directly observed for a rebound, mainly watching the strength of the rebound and the intensity of the rebound.

The ETH market is also slightly guarding against a second test of the support level in the 4080-4130 range at the four-hour level. The first resistance level above is in the 4320-4400 range. After stabilizing at 4360, the market can look towards the 4500-4600 range. The key focus moving forward is whether BTC can stabilize and break through the 1185 level. For ETH, the key is to watch whether it can stabilize and break through the 4600 point. If it can stabilize and break through, then we can look for new highs, aiming for 4800 to create a historical new high.

Altcoins do not have liquidity, so the altcoin season has not arrived. However, it does not hinder normal layout operations. There will be some periodic trends and some independent market movements for altcoins, so the key coins to focus on are SOL and DOGE.