[Director] Analysis of the market on August 20, keep a low profile and see the dragon in the field. The 1H retracement of big cake to the 0 axis and the short-term 1H rebound are basically the same. Let's see the strength of the third 1H decline.

​​​​​​​​Director's 1173th original daily market analysis

 2023 .8 .20

1. Market sentiment:

2. Chart structure:

1、#BTC

#BTC 1H structure:

The current 1H structure of Bitcoin is still similar to yesterday’s expectations. Look at the retracement here, it is almost close to the 0 axis. If it does not pull back above the 0 axis, the market is likely to run a third 1H decline.

In the short term, we will see whether 2.5W can hold up. If it can hold up, then at least there will be a 1H rebound trend. If it is good, there may be a 4H upward trend. Of course, it is not ruled out that there may be a 1H central oscillation trend.

#BTC 15F structure:

From the perspective of the 15F structure, it seems that a 15F center is being made here, and the probability of this center moving upward is not bad, so the trend is still quite tangled. Let's see the direction of the 15F center selection here.

If you choose upward, the second 1H rebound will be able to continue to extend upward. If not, the probability of continuing to go down will continue to increase.

2、#ETH：

#ETH's 1H structure:

At present, the price has also pulled back to the vicinity of the 0 axis. If it is not above the 0 axis, there will still be a 1H decline. It depends on the strength of the decline.

However, there is a high probability that a 1H bottom divergence trend will be formed, and then a minimum 1H rebound will occur. However, the overall trend is still much stronger than the big cake, so the subsequent rebound will probably be more profitable.

 
4. Warm Tips
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