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 .
8.21 Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions
There are no shortcuts in the crypto world; only deep cultivation and steadfast action. Do not fear short-term losses, as they are an inevitable path to long-term profits. Reviewing the early morning market, the trend has shown a pattern of falling and then rising, followed by another drop, indicating a fluctuating market adjustment. This morning, it fell from a high of 114821 to around 1140, and currently, there is a tug of war between bulls and bears, with the bulls facing pressure above and bears still holding the dominant advantage.
Currently, Bitcoin is operating within a clear bearish structure. The rebound highs are gradually decreasing, and it has consistently failed to effectively break through the resistance of the previous low, indicating insufficient buying strength in the market, and bullish momentum is gradually waning. Meanwhile, the price is approaching the key support area of the previous day's low, with the downward target about to be reached.
In terms of trading, the overall structure still maintains a bearish pattern. Before key resistance levels are effectively broken and the structure truly shifts to bullish, it is not advisable to make any bullish layouts. The trading mindset should still focus on shorting at highs, patiently waiting for the price to move closer to the target.
In the afternoon, Bitcoin can be shorted at 114500, targeting around 113000. In the afternoon, Ethereum can be shorted at 4340, targeting around 4250 #比特币 $BTC
In this wave of sharp rises and falls, how many people have been caught off guard and trapped inside? Make sure not to lose your composure! There are various solutions for getting out of being trapped, specially tailored. As long as there is a need, we will do our best to provide the most professional guidance. Tips for getting out of being trapped: 1️⃣ Be decisive with stop-loss: If you determine that the trend has reversed, and there is significant downward space afterward, don’t hesitate, stop-loss and exit in time to avoid deeper entrapment. 2️⃣ Have a strategy for adding positions: When the price is at a temporary bottom and there is an upward trend, you can add positions in batches to lower costs. But be sure to control the pace and amount of funds, don’t act blindly. 3️⃣ Reduce costs by trading: Take advantage of short-term fluctuations to sell high and buy low. For example, sell part of your holdings when the price rises quickly, and buy back when it falls. But this requires strong judgment and trading skills in the market. 4️⃣ Mindset is very important: Don’t panic or feel anxious after being trapped, stay calm, and objectively analyze the market. For coins with good fundamentals and long-term potential, it might be worth looking at it from a long-term investment perspective and patiently wait for the market to warm up. ✨ Remember, the cryptocurrency market is highly volatile, getting out of being trapped requires strategy and patience, don’t let short-term fluctuations throw you off balance. #比特币 $BTC
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 $BTC
8.20 Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions
Reviewing the daytime market, although the bearish trend did not continue in the afternoon, the rebound range is still within expectations. The short to medium-term trend has not changed significantly. Referring to yesterday's time cycle rule, there was a dip in the morning, a consolidation in the afternoon, and an acceleration downwards in the evening. The 4-hour chart shows a weak trend that awaits further acceleration; yesterday saw a slow decline and a volume-based drop. Today, we still expect a continuation of the downward trend, and any rebound before the US market opens remains an opportunity to short.
From a technical analysis perspective, in the 4-hour candlestick chart, the market rebounded after touching the lower Bollinger Band, while the KDJ indicator's three lines formed a short-term golden cross, bringing some upward momentum. However, the Bollinger Bands are opening downwards, and the MACD indicator's two lines remain below the zero axis, with the green momentum bars continuously increasing, indicating that the overall market is still in a weak pattern.
In the evening, you can short Bitcoin at 114000, targeting around 112500. In the evening, you can short Ethereum at 4220, targeting around 4150.$BTC
8.20 Midday Bitcoin Ethereum Market Analysis and Trading Suggestions
In a volatile market, the most frustrating thing is not the sharp ups and downs, but the hesitation at the critical moment. Looking back at the early market, after a slight rebound in the price early in the morning, it began to pull back again, then stabilized and fluctuated around 1130. The performance of Ethereum is similar to Bitcoin; we also placed short positions for Ethereum in the morning, taking a 50-point profit before exiting. Currently, the bears are still gaining momentum, and we will continue with a bearish mindset during the midday session.
From the current market perspective, the four-hour level shows a stair-step downward trend. The price has also broken through the lower Bollinger Band, with bearish momentum continuing to expand. The Bollinger Band remains open downward. Although the bulls have shown a slight rebound, it is clear that the desire for upward movement is not strong. The overall trend is still focused on the bears. From the one-hour level, after the market rebounded back above the lower Bollinger Band, the bears are exerting pressure with prominent shadow lines. Currently, the overall trend is in a downward fluctuation pattern, and there is a need for a correction. Bitcoin and Ethereum are still at high levels, and the overall market continues to look bearish. Of course, there is also a demand for a short-term small rebound. The trend in August should gradually move downwards, continuing to wait for the next bottom exploration. Therefore, the midday market will likely experience a rebound followed by a downward movement, so in terms of operation, we will adopt a high short strategy after the rebound.
In the midday session, Bitcoin can enter a short position at 113100, with a target near 112000. In the midday session, Ethereum can enter a short position at 4120, with a target near 4020. #比特币 $BTC
8.20 Morning Bitcoin Ethereum Market Analysis and Trading Suggestions
In the mysterious sea of opportunities and challenges in the cryptocurrency world, the scene of "everyone else is making money, and you are just watching" is constantly unfolding. Looking back at the overnight market, the price ratio also fell throughout the day yesterday. In the evening, we set up short positions and exited with a gain of over 1800 points. As nighttime approached, the price ratio showed no signs of slowing down and continued to plunge. We set up short positions again, which proved to be validated as it dipped to the low point of 112767. From this, we also gained over 1000 points before exiting. The movement of Ethereum is similar to Bitcoin, showing a slight pullback after reaching a low point before rebounding.
From the four-hour level, the market shows a clear characteristic of bearish candlestick arrangement, forming a phase of corrective trend. It is worth noting that each time there is a spike and pullback, the market enters a certain period of adjustment, but this has not changed the overall direction of movement, which is still dominated by a bearish trend. On the technical indicators front, the market has formed a top divergence pattern, which signals that there may be a pullback pressure on the current trend, indicating that bearish forces are continuously accumulating and the depth of the trend is also deepening. Overall, the short-term pattern dominated by bears is expected to continue.
In the morning, Bitcoin can be shorted at 1131000, targeting around 1112000. In the morning, Ethereum can be shorted at 4130, targeting around 4020. #比特币 $BTC
8.19 Night Bitcoin Ethereum Market Analysis and Trading Suggestions
Do not be anxious due to short-term fluctuations; true wealth takes time to accumulate. The most expensive thing in the crypto world is not BTC, but the opportunities you miss due to hesitation. Reviewing the evening market, after a pullback during the day, it began to stabilize in the evening, oscillating around 1150 to 1155, until it broke through to 1158 and started to rebound and pull back, reaching a low of around 113587. We also positioned short contracts during this pullback, gaining over 1800 points of space. On the Ethereum side, the trend is similar to Bitcoin; we entered short positions and gained over 100 points of space, and tonight we also had great results with the students.
Currently, the overall market is primarily in a pullback, and from the current magnitude and speed of the pullback, the bearish momentum in the market has not yet been fully released, indicating that further pullbacks are still possible. It is advised to keep an eye on the performance of key resistance levels, and there is still operational space for short positioning strategies when prices rise. Maintain rhythm, closely follow the trend, and the next opportunity is brewing, preparing to welcome the next wave of market strength. It is estimated that there will not be significant price increases before the end of August because the current pullbacks are relatively stable and moving downward. A rate cut in September is highly likely, and once it is officially implemented, it will definitely trigger a significant market rally, so currently, the market slowly probing for a bottom is also an opportunity.
In the evening, Bitcoin can enter short at 113900, targeting around 112500. In the evening, Ethereum can enter short at 4200, targeting around 4080. #比特币 $BTC
8.19 Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions
Many people have excellent technical analysis skills but ultimately lose to their emotional reactions, which is precisely why you need guidance. Looking back at today's market, Bitcoin experienced a bottom rebound, rising to 116980 in the early morning before starting to retreat, dipping to a low of 114300 during the day. Currently, the daily chart continues to show a downward trend, and it is expected that the correction will continue. Ethereum rebounded to 4355 during the day but failed to break through the 4400 level, and then retreated below 4200 in the afternoon. The daily chart has not yet reached the bottom and still shows signals for further decline. Based on the market trend, it is expected to soon approach the 4100 level, and we will maintain a bearish outlook for the evening.
From a technical perspective, the bearish momentum continues, and the market is showing a weak downward trend. The Bollinger Bands are maintaining a downward channel, with prices fluctuating repeatedly between the middle and lower bands, forming a clear oscillation box. As the market develops, the highs and lows continue to decline, indicating that the bullish momentum is significantly lacking in the short term. The MACD energy values show weakening bullish strength, with short-term selling pressure leading to an increase in bearish sentiment, gradually dissipating. The market is currently constructing a bottom support for the next upward momentum. Going forward, pay close attention to the resistance levels above; if effectively broken, there is hope for continued upward testing of higher points; conversely, if unable to break the resistance and instead turns downward, it may further widen the decline. The movement of Ethereum is synchronized with Bitcoin, and the gains and losses of the upper resistance and lower support levels are equally critical.
In the evening, Bitcoin can be shorted at 116000, targeting around 114000, and Ethereum can be shorted at 4310, targeting around 4220.
August 19th Evening Bitcoin and Ethereum Market Analysis and Trading Recommendations
Those seemingly "missed" short-term opportunities for quick riches often ultimately prove to be traps. The "unimaginable benefits" that truly belong to you will only arrive quietly and in a way far beyond your initial imagination after you firmly believe in value, have a keen understanding of cycles, ignore the noise, and allow time to nourish your faith. Looking back at the afternoon market, Bitcoin dipped to a low of 114,366 before slightly retreating and stabilizing around 1150, awaiting a correction. Bitcoin is currently trending upward, but the upward pressure is limited. Bullish momentum is lacking, and bears are also gaining momentum. The bulls and bears are vying for a breakthrough, unable to break through, and have been fluctuating around 1155. We will continue our short position until this correction ends tonight.
The current market shows that Bitcoin has experienced two consecutive declines on the daily chart and is trading below the middle line. Overall, bullish sentiment is subdued, and market control is likely to fall back into the hands of bears, suggesting the start of a new correction cycle. After several days of intense volatility and bull-bear tussle, the market has finally returned below the middle line, and the daily bearish trend continues to deepen. In the short term, weakness is evident, and this accumulating weakness is unlikely to be reversed quickly. Even if there are signs of a rebound in the short term, it will not change the momentum of the bearish trend. Therefore, we recommend continuing to enter a short position, following the bears' lead and waiting for further downward corrections.
Tonight, Bitcoin can be shorted at 115,600, with a target around 114,000. Tonight, Ether can be shorted at 4310, with a target around 4220. #比特币 $BTC
8.19 Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions
Occasionally turning off the market monitoring software, you will find: the red and green of the candlesticks cannot compare to the scenery outside the window; the numbers in the account weigh less than the hot tea on the table. Heidegger said, "Man dwells poetically on the earth"; no matter how lively the cryptocurrency world is, it is only a part of "dwelling". You can cultivate in the candlesticks, but do not mistake the field of cultivation for the entirety of the world.
From the current 1-hour chart, the cryptocurrency price has experienced a slow rise and failed to test the resistance level of 117,000. It is currently fluctuating around 116,000. This pattern clearly indicates: the selling pressure above has not been fully digested, and the support below is relatively solid, with bulls and bears temporarily in a balanced game state. At this time, it is most undesirable to operate blindly and aggressively; whether chasing prices or selling off, it is easy to fall into the trap of short-term market corrections. Observing from the 4-hour cycle, although the price has had a slight rebound after a previous decline, it has not been able to effectively break through the key resistance level of 117,000; however, the previously emphasized short-term support level has been successfully reclaimed. This signal confirms the rationality of the current corrective market and clarifies the direction for subsequent operations—there is no need to overly entangle in short-term fluctuations; placing short positions around the key resistance level above will be a more prudent strategy.
In the afternoon, Bitcoin can be shorted at 116,100, targeting around 114,600 In the afternoon, Ethereum can be shorted at 4,310, targeting around 4,250 #比特币 $BTC
$BTC 8.19 Morning Analysis and Trading Suggestions for Bitcoin and Ethereum
This is not the end, but rather an echo of the previous cycle; the true climax is still on the way. Looking back at the overnight market, yesterday's price also fell throughout the day. After dropping to a low of 114825, a rebound began, gradually showing signs of warming, reaching 116980. Currently, there is a tug-of-war between bulls and bears, with bulls occupying the dominant position, while bears are still fighting back.
From the current market perspective, the four-hour price has rebounded from the lower track near the middle track, and the middle track of the Bollinger Bands has begun to flatten, with the lower track showing an upward turning trend. The K-line presents multiple consecutive bullish candles, indicating that bulls are gradually recovering lost ground. The RSI indicator is in the strong range of 50 - 70, indicating a strong bullish atmosphere in the market, but nearing the value of 70, suggesting a short-term need for correction. The hourly MACD indicator, after forming a golden cross above the zero axis, has seen a reduction in the red energy bars. The 5-day moving average provides strong support for the price; as long as the price does not break the 5-day moving average, the short-term bullish trend is still expected to continue. In terms of trading strategy, it is recommended to use a range approach to avoid chasing highs and cutting lows, and to pay attention to the directional guidance after breaking key levels.
In the morning, Bitcoin can be bought at 116300, targeting around 117600. In the morning, Ethereum can be bought at 4330, targeting around 4400. #比特币
During the day, Bitcoin fell from $118,000 to $115,000, and Ethereum dropped from $4,500 to $4,300, with over $400 million in long positions liquidated overnight, continuing last week's 5% correction trend. Currently, the financing rate has turned negative, and the risk reversal favors bearish options, indicating that caution is needed in positions ahead of the Federal Reserve's Jackson Hole meeting. However, corporate demand still exists, and the Federal Reserve's policy path has become complicated, but Metaplanet has still increased its holdings by 775 BTC, expecting Bitcoin prices to maintain between $112,000 and $120,000.
Back to the chart, currently focusing on 4H, 114,500, if held, then the price will test several levels upwards: 115,700-116,500-117,100; if broken, the market will continue to weaken, with support levels to watch below at 114,000-113,200-112,000 for rebounds. The recent view is that if it breaks 117,000, the correction trend will continue, with the next key support at 114,000. Once broken, the correction trend will extend again. However, after this recent decline, there is a high probability of a small rebound, with the rebound range at 115,200-117,000.
The current correction trend continues, and after a short-term small rebound, it will continue to decline. The current trend belongs to a healthy correction in a bull market. #比特币 $BTC
8.18 Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions
In the cryptocurrency world, it is a competition of wisdom and courage. Only by continuously learning can one stand invincible. Don't let fear and greed control your decisions; stay calm and patiently wait for the best opportunity like a hunter. Looking back at the daytime market, since the morning, the price has been declining all the way from the high point of 117995 to a low point of 114640. Currently, the bearish momentum is insufficient, and the bulls are starting to exert strength. The strategy of going long in the afternoon with a stop-loss has been exited, and in the evening, we will still proceed with a bullish mindset.
According to the current market conditions, the four-hour level shows the market is in a six consecutive bearish trend maintaining a downward movement. After the decline, it has started to rebound. Currently, this wave of decline is basically over, and the bulls are gaining strength, with a one-sided pattern already formed. The overall trend is completely dependent on the bulls. From the hourly level, after experiencing a round of decline, the market has rebounded and warmed up to oscillate above the lower Bollinger band. Although the bears have provided some rebounds during the process, the rebound strength is weak, and the overall structure remains weak. Therefore, there is a certain expectation for a technical rebound in the future market, so our trading strategy will focus on going long after the rebound.
In the evening, Bitcoin can be bought at 115500, targeting around 117000. In the evening, Ethereum can be bought at 4330, targeting around 4420. #比特币 $BTC
August 18th Afternoon Bitcoin and Ethereum Market Analysis and Trading Recommendations
The market showed a step-by-step downward trend this morning, with Bitcoin prices reaching a high of nearly 1179 and a low of around 1148. It is currently consolidating around 1153.
The horn of the hourly Bollinger Bands continues to widen, indicating a significant increase in market volatility and an increasingly intense battle between bulls and bears, with bulls currently in the driver's seat.
From the market's perspective, selling pressure from above is significant, but after hitting the 115,000 mark, some support has emerged. Looking at the hourly chart, bulls are still exerting momentum, further confirming their dominant position.
Why insist on buying on dips?
· On-chain data: Whales have been accumulating funds between 115,000 and 116,000 for the past three days.
· Market sentiment: Panic selling by retail investors often signals a bottom.
· Technical pattern: The daily chart remains in an upward trend and has not broken through.
Remember: A sharp drop in a bull market is an opportunity to make money.
But don't go all-in—build positions in batches, always with stop-loss orders, and wait for the main force to pull the market back in the evening.
In the afternoon, you can buy Bitcoin at 115,200, with a target around 116,600.
In the afternoon, you can buy Ether at 4250, with a target around 4350. #比特币减半完成 $BTC
8.18 Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions
Fluctuating markets are not to be feared; what is truly concerning is missing opportunities due to hesitation and losing control due to anxiety. Reviewing the morning market, Bitcoin rebounded from a low of 117496 to a high of 117995, and then the bears took action, driving it down to a low of 115360. Ethereum also rebounded from a low of 4432 to a high of 4533, then fell to a low of 4312. Currently, the bulls are starting to gain momentum, and we are maintaining a bullish outlook for the afternoon.
From the current market perspective, the four-hour MACD green bars are shortening, and the fast and slow lines are showing signs of flattening below the zero axis, with no obvious golden cross signal observed. The short-term rebound might be a correction within the bearish trend rather than a reversal. If it breaks below 115000, it may further test 112000. Resistance above is focused at 11000; it needs to break through this level to relieve the bearish pressure. In terms of trading strategy, Sheng Dong suggests responding with a range-bound approach, paying attention to directional guidance after key level breaks.
In the afternoon, Bitcoin can be bought at 115300, targeting around 117200. In the afternoon, Ethereum can be bought at 4310, targeting around 4380. #比特币 $BTC