Market analysis for BTC/ETH on 2025.8.20 at 10:23 AM

On this night, the bears continue to exert pressure, breaking below 4100 and then reclaiming it. At this moment, it is oscillating around 4100, which is the function of support and resistance levels. Both bulls and bears acknowledge this and will engage in some speculation!
Last night's first position of 1% long within the 4180-4200 range is a normal entry, not a baiting long. If it rebounds to 4230, those who have exited definitely won't count; for those who haven't exited, wait for a re-accumulation before exiting or set a stop-loss at 4200! This is not considered baiting long; it's fundamentally a bet on the expectation of a super short-term rebound, and we can only say that the expectation has only reached a minimum threshold of 30 dollars! This position is small, and for those who haven't exited, just hold on and continue to execute according to last night's strategy!
At the position of 4135, the first wave touched 4133 in the early morning, then rebounded to 4188, which is also a space of 50 dollars, enough for profit-taking, and there is no possibility of being trapped. At this moment, consolidating at 4135 can ensure a break-even exit!
BTC Attention
Support 111950/109500
Pressure 116411/119200
The first position for BTC was entered at 113250 last night, and at this moment, it's at breakeven. The average cost adjustment is changed to 110400, or we can choose to run at breakeven now and quietly observe the subsequent changes. My suggestion is to hold and give space for opportunities to run; if there are no opportunities, wait for the average cost adjustment. After averaging down, there will be opportunities to run, but averaging down opportunities are not guaranteed; we can only say to set up well and wait!
ETH Attention
Support 3892/3723
Pressure 4492
The key point today is 4100. Whether it can be held or effectively broken down, the main forces are currently in fierce competition, which remains to be observed!
The downward trend is undoubtedly oscillating; one can only say that the difficulty of betting on a rebound in the past two days is increasing. Do not have any thoughts about the pattern. The 1h/2h/4h charts are all in a bearish trend. One can only bet on a rebound and not a reversal. The current weakness of the rebound shorts may not necessarily provide an opportunity for a rebound short, just like during a one-sided oscillation and rise, there might not be an opportunity to reach your desired pullback long position. So, one can only hold and not be aggressive with longs. Currently, with shorts, one can also only hold and wait for an opportunity to enter. It is also okay to leave a portion of profits as a core position!
In terms of operation: there will be a fluctuation in the range of 3892-4100 for 3-5 days, looking at the demand for the direction of the main force. The probability of a direct breakout with increased volume is low. Focus on this range for the remaining time this week!
Both long and short positions can be taken in contracts, but longs cannot form a pattern, while shorts can maintain a bottom position pattern! They must be at key levels. This kind of downward trend with low liquidity and no significant fluctuations often indicates the brewing of a major market movement. It's like boiling a frog in warm water; when liquidity accumulates enough, a large fluctuation will come. Therefore, any position should have a stop-loss to protect the capital, which is basic operation!
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