Evening Analysis and Trading Suggestions for Bitcoin and Ethereum on August 21

Looking back at the afternoon market, Bitcoin experienced a slight rebound after pulling back from the midday session, followed by a period of volatility. It then began to decline, reaching a low point around 113000. We also initiated a short position in the evening, securing several hundred points before exiting. Ethereum's movement mirrored that of Bitcoin, pulling back to a low of 4251, with bearish momentum still ongoing.

From the current market perspective, an initial support range has formed between 112700 and 113000. If it can hold above this range, it may alleviate downward pressure. Conversely, if it breaks below this range, we should be cautious of the possibility of further declines towards the 110000 round number. On the hourly chart, the MACD indicator remains below the zero line, indicating that bearish momentum has not completely exhausted, but the pace of decline has slowed. We need to observe the breakout direction from the consolidation range to confirm the subsequent trend. For evening operations, it is suggested to adopt a high-short strategy.

In the evening, Bitcoin can enter short at 113200, targeting around 112000.

In the evening, Ethereum can enter short at 4260, targeting 4200#比特币 $BTC .