Market Analysis of BTC and Ether on the Afternoon of August 21
Since the early trading session, the price briefly surged to 114777, but soon faced strong selling pressure, initiating a noticeable downward trend. During this decline, bearish forces dominated, resulting in several consecutive bearish candlesticks, indicating a strong selling sentiment in the market. It was not until the price dropped to around 113562 that it found some support, leading to a rebound, with several bullish candlesticks formed, but the strength of the rebound currently appears relatively limited.
The short-term long
View OriginalSince the early trading session, the price briefly surged to 114777, but soon faced strong selling pressure, initiating a noticeable downward trend. During this decline, bearish forces dominated, resulting in several consecutive bearish candlesticks, indicating a strong selling sentiment in the market. It was not until the price dropped to around 113562 that it found some support, leading to a rebound, with several bullish candlesticks formed, but the strength of the rebound currently appears relatively limited.
The short-term long