Yueying: Bitcoin and Ethereum Market Analysis (August 15th) - A Break Below Support Level Will Accelerate Downward Momentum

Bitcoin's daily chart shows the previous candlestick closing as a bearish signal, indicating continued downward pressure. The price opened lower and continued its downward trend, breaking below the 63000 level. The Bollinger Bands are slightly widening, short-term moving averages are trending downwards, the MACD fast and slow lines are moving downwards with increasing green histogram bars, the KDJ is extending downwards, watch for support near the 0 level, and the VR indicator is consolidating around the 100 level. On the 4-hour chart, the price is slowly declining and is currently testing support around the lower Bollinger Band. The MACD fast and slow lines are widening downwards, short-term moving averages are trending downwards, the MACD fast and slow lines are extending downwards with increasing volume, the KDJ is turning upwards, watch for resistance near the 50 level, and the VR indicator is consolidating around the 60 level. Overall, the price has retreated after encountering expected resistance and is currently testing the previously mentioned key short-term support level. A break below this level could lead to another test of the lows. Therefore, short-term trading should focus on finding support levels for a rebound; if the level breaks decisively, it's best to avoid further trading. Short-term recommendation: Bitcoin short-term recommendation: Buy at 62200. (Strategy activation and profit management are at your own discretion) Ethereum continues to trade sideways throughout the day, and short-term trading can continue within a small range. The overall technical trend on the daily and four-hour charts is similar to Bitcoin. Short-term resistance is around the previous high, and support is around 1800. A break above this level would lead to further adjustments; see short-term suggestions below. Ethereum short-term suggestion: Buy at 1850. (For more cryptocurrency analysis, click the image to see the homepage introduction and find Yueying) — I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!