August 20th Bitcoin Market Analysis

BTC is currently trapped in a critical stage of 'technical bearish control, macro tug-of-war between bulls and bears.' $112,000 is the last defense line for the bulls, while $105,000 is the lifeline that determines the transition between bull and bear markets.

Although ETH appears to be stabilizing in the medium term, do not subjectively try to catch the bottom; everything should be based on substantial breakthroughs, and take profits immediately to secure stop-loss. Yesterday, the spot ETF saw a massive outflow of $939 million (Bitcoin $523 million + Ethereum $416 million), and the fear index plummeted to 45, highlighting a collapse in market sentiment. Trump has once again pressured Powell to cut interest rates, and the policy game is intensifying.

Operational Suggestions:

Medium to long-term short positions can continue to be held, targeting $110,000; short-term rebounds to the $116,000-$117,000 range can increase short positions.