Bitcoin and Ethereum Evening Trading Recommendations and Future Trend Analysis: 8/23

Bitcoin and Ethereum Evening Trading Recommendations and Future Trend Analysis: 8/23 The current market is in a range-bound state, with prices fluctuating above the key support level of 75588, indicating gradually strengthening buying power. Technically, the formed bullish engulfing pattern suggests weakening selling pressure and buying intervention, potentially signaling a bullish reversal. However, the market still needs to break through the resistance level of 77500 to confirm the reversal signal. Externally, market sentiment is leaning towards greed, with strong investor demand for cryptocurrencies, especially a significant increase in Bitcoin and Ethereum buying activity, providing some support to the market. Nevertheless, caution is needed regarding the current major conflict signal; the price has not yet broken through the 77500 resistance level, which may delay the confirmation of the reversal signal. Therefore, investors should remain cautious in their operations, paying close attention to the breakout of key price levels to adjust their strategies accordingly. Analyst Xiao Ma's Diary Trading Recommendations: Bitcoin: Short near 77000-77500, target 75500-7500; Ethereum: Short near 2430-2450, target 2350-2330.