Analyst Liang Qiu: On 8.18, BTC ETH Duo Dan successfully secured again. Attached is the evening flight analysis.

The overall trend of BTC and ETH has been weak in recent days. We emphasized the Kongsan Silk Road at 4570 multiple times yesterday, and today during the daytime decline, it hovered around 4250. The market also successfully rose to around 4360, and the overall space is evident to all. Congratulations to friends on the Silk Road. However, there is significant pressure above in the market, especially after BTC broke down without any decent rebound. The trend has clearly weakened, and there is a possibility of further testing the support line at around 112000.

After several days of bearish candles on the daily chart, there was a rebound yesterday with a long upper shadow, followed by another significant drop today, currently closing in the red. There is obvious pressure from above, and signs of a continuation of the downtrend are emerging. The market still has further room for decline. Next, we should pay attention to short-term support at 114000 and 4160. If it continues to break down, the market will once again reach 112000 and 4000. However, we need to take it step by step.

In the evening operations, it is recommended to short BTC around 115800 to 116300, with a target around 114300; short ETH around 4330 to 4350, with a target around 4250.

[The above analysis and strategies are for reference only, please take risks on your own. The publication of the article does not guarantee timeliness, and specifics are subject to real-time updates.] #Gate七月透明度报告发布# #BTC ETF持仓破1530亿美元# #美联储终止新型活动监管#