Market Analysis and Trading Recommendations for August 21

Yesterday, BTC ETF saw a net inflow of $606 million, and ETH ETF saw a net inflow of $220 million, both hitting new highs for the year. Trump's push for the Clarity Act, the Treasury's expansion of Treasury bond repurchases, and Fed Chair Daly's dovish statements all contributed to the short squeeze rally. However, the 4-hour RSI is above 93, indicating extreme overbought conditions. --- II. Bitcoin Strategy · Support: 75,500–76,000 (short-term); 72,000–72,500 (strong support) · Resistance: 78,500–79,000; 79,500–80,000 Strategy: The trend is bullish, but chasing highs carries significant risk; wait for a pullback. • Consider a small long position if the price retraces to 75,500–76,000 and stabilizes, with a stop loss below 74,500. • Consider a short position if the price rebounds to 78,500–79,000 and encounters resistance, with a strict stop loss. --- III. Ethereum Strategy • Support: 2,325–2,350; 2,250–2,270 (strong) • Resistance: 2,420–2,450 Strategy: Ethereum has good elasticity but is also overbought. Large investors reduced their holdings at 2,346, so caution is advised. • Buy on a pullback to 2,325–2,350 with a stop loss at 2,280. • Sell short on a rebound to 2,420–2,450 if it encounters resistance. --- IV. Risk Warnings 1. Severely overbought conditions and heavy profit-taking suggest a high probability of high-level consolidation or a pullback. 2. The 30-year US Treasury yield is 5.24%. If liquidity falls short of expectations, risk assets will be under pressure. 3. Geopolitical tensions (US-Iran) could trigger sharp price drops. 4. This article is time-sensitive. To follow my trades, please check my profile and QQ. You can view the win rate of each trade in my previous articles. There are no barriers to following my trades.