8.21 Thursday early morning Bitcoin Ethereum market analysis and trading suggestions

On social media and forums, the fervent calls that a bull market is coming can be seen every day. Those influencers confidently declare: "If you don't go all in now, when will you?" and "Seize this wave of market to achieve financial freedom." Newcomers, blinded by the myth of sudden wealth, often rush in with all their funds when emotions run high, only to see the market take a sharp downturn, leading to a swift halving of their account balance. This blind following of trends has awakened many from the dream of financial freedom, plunging them into the nightmare of being deeply trapped. From the analysis of the current market trends, the intraday market shows typical characteristics of a tug-of-war between bulls and bears. The morning session continued the weak pattern from yesterday's closing, while in the afternoon, the bulls began to exert strength, pushing for a rapid rise and breaking through the morning's high; however, in the late session, the bears regained control, with a new 4-hour candlestick forming a cross bearish K-line with significant long upper and lower shadows. The upper shadow indicates strong selling pressure encountered near 114500, suggesting that some profit-takers chose to cash out at this position: the lower shadow indicates that there is significant buying support at the 112500 level. Considering the current consolidation pattern below an important resistance level and the uncertainty of news at 2 AM, we can wait and observe before following the trend after the news is released. For those who are aggressive, they can still look for short positions while maintaining good defense.
Bitcoin: short-term target 112000 near 114000-114500 can be shorted. Ethereum: short-term target 4200 near 4320-4350 can be shorted, if broken look at around 4100 #加密市场回调# #杰克逊霍尔会议# #Gate Alpha空投ESPORTS# #机构以太坊储备破1000万枚# #美联储主席候选人鲍曼谈加密#