Bitcoin and Ethereum market analysis and trading strategy on the evening of August 19.



The daily chart shows that the recent price is oscillating at a high level, with a large bearish candle appearing yesterday, indicating strong bearish pressure, but the price has stabilized somewhat afterwards. The hourly chart has formed a short-term rebound structure from a low point, currently in a narrow consolidation around 4300. The MACD on the hourly chart shows both DIF and DEA as negative, but they are gradually converging. The MACD histogram has shifted from positive to negative, indicating that the downward momentum is weakening, and it may enter a rebound phase. The hourly RSI is around 50, not in the overbought or oversold zone, indicating a neutral market sentiment; the daily RSI remains between 40-50, showing a tug-of-war between bulls and bears. The hourly EMA7: 4284 is close to EMA30: 4308, with prices fluctuating around both. The daily EMA120: 4393 is far from the current price, indicating a long-term bearish trend.

Ethereum: Short at 4350-4400, target: 4250-4200
Bitcoin: Short around 116000, target: around 114500
#机构以太坊储备破1000万枚# #BTC ETF持仓破1530亿美元#
BTC1.17%
ETH5.08%
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