Market trend analysis chart on August 20
Short pressure level:
BTC:
61.5K, 61.97K, 62.43K, 62.88K, 63.3-63.8K range (end of short defense line)
ETH:
2700 mark, near 2725, 2745 resistance, 2768 challenge point, until strong pressure at 2790 (the last line of defense for shorts)
Multi-head support strap:
BTC:
60.6K fortress, 60.14K support, 59.68K defense line, 59.22K stabilization point, the area below 58.76K is an important buffer zone for bulls (overall, pay attention to the support below 57.4K)
ETH:
Support below 2660, 2638 defense line, 2616 key position, 2595 buffer zone, until 2573 stable zone (the last line of defense for bulls is between 2507 and 2465)
Trend interpretation:
Judging from the picture, the current market shows a certain trend of short pressure, but subsequent developments may directly challenge the support of the bulls. In view of the significant advantage of short funds, however, the market is changing rapidly, and it is necessary to continue to track the market dynamics to adjust the strategy #清算地图