8.20 Nighttime Bitcoin and Ethereum Market Analysis and Trading Suggestions

The market creates you during the trend, and educates you during the counter-trend. Do not be sad; the market's fluctuations will always have a part you don't understand and a wave you can profit from. Looking back at the evening market, the index rebounded from the morning low of 112566 to around 1140. As evening approached, the bears began to exert pressure, driving the price down to the low point of 112380. We also positioned another short and exited with over a thousand points of profit. Ethereum's movements mirrored Bitcoin's, dropping from a high of 4242 to a low of 4106 and then starting to rebound.

From the four-hour level, a strong downward push shows signs of stopping, and as the volatility base increases, the rebound space is also expanding. Currently, it is operating at a low level and entering a slow recovery rebound phase, in the process of bottoming and rising. Overall, the trend shows a significant bear retreat, with structures switching back and forth. Combined with the patterns, it is currently between a rebound and a reversal. There are no markets that only drop without rising, nor markets that only rise without dropping. This strong correction and volume increase is basically ending in the short term, and the next move is likely to be a rebound correction. You can consider entering long positions around the rebound recovery idea, first observing the recovery situation of the bulls.

In the nighttime market, Bitcoin can be bought around 113200, with a target of around 115500.

In the nighttime market, Ethereum can be bought around 4230, with a target of around 4360.#比特币 $BTC