8.20 Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions

Reviewing the daytime market, although the bearish trend did not continue in the afternoon, the rebound range is still within expectations. The short to medium-term trend has not changed significantly. Referring to yesterday's time cycle rule, there was a dip in the morning, a consolidation in the afternoon, and an acceleration downwards in the evening. The 4-hour chart shows a weak trend that awaits further acceleration; yesterday saw a slow decline and a volume-based drop. Today, we still expect a continuation of the downward trend, and any rebound before the US market opens remains an opportunity to short.

From a technical analysis perspective, in the 4-hour candlestick chart, the market rebounded after touching the lower Bollinger Band, while the KDJ indicator's three lines formed a short-term golden cross, bringing some upward momentum. However, the Bollinger Bands are opening downwards, and the MACD indicator's two lines remain below the zero axis, with the green momentum bars continuously increasing, indicating that the overall market is still in a weak pattern.

In the evening, you can short Bitcoin at 114000, targeting around 112500.

In the evening, you can short Ethereum at 4220, targeting around 4150.$BTC