‼️August 18 Market Analysis‼️

1.#BTC

--BTC fluctuated around the daily trend line yesterday, and today the daily trend has broken down, indicating that we have lost our last defense position.

The daily level cannot effectively repair and return to the trend today, which has weakened. Stop loss and exit operations are advised, and holding BTC is not recommended.

The lower time frame shows a downward momentum reversal from 15 minutes, requiring a rebound period of a few hours. We can treat this segment of the market as a rebound. Instead of trading BTC, it is recommended to go long on ETH, as the rebound strength may be stronger for ETH than BTC.

2.#ETH

--The rebound target was achieved yesterday, and now we are starting to resonate downwards with BTC. We need to observe whether BTC's rebound can drive ETH to accelerate its rebound. Currently, both coins are falling simultaneously, and no distinction can be seen.

We observe three days as the standard. Here are a few key positions: around 4200 is the core position for the first dip, and around 3900 is the extreme downward position this time.

3. The current key support level for #BTC is:

--The bullish-bearish conversion point of the daily trend line for BTC has been breached (key position), observation is primary. If it cannot be repaired within three days, the focus will be on short positions. No specific price data for BTC will be provided here, as it depends on trend repair. Upper resistance:
--ETH 15-minute level open position near 4285, stop loss at 4226, first take profit position at 4350, second take profit position near 4400

Note: If you make a mistake, correct it in a timely manner, otherwise a small loss may turn into a big loss.