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Bitcoin trend analysis on August 21
The mid to long-term bearish outlook for Bitcoin remains unchanged, with the possibility of a double zigzag in the small structure. The first decline has completed, with support at 112000. Currently in the rebound phase, it is expected to be around 116000.
The second decline, the target for the decline is initially around 106000.
Opening suggestion: Hold medium to long-term short positions. Short around 116000.
ETH Analysis on August 21
Ethereum's bearish structure found support near the trend line at 4060 last night, rebounding by 8 points.
Currently closely observing the rebound structure before making the next plan.
Opening suggestion: Short-term rebound cycle, do not short in the next two days.
Investment has risks, and profits and losses are borne by oneself.
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