Friday Summary: Bitcoin and Ethereum Market Analysis and Trading Recommendations for Early Saturday Morning, August 15 Respect the market and follow the trend. Looking back at Friday’s market, it remained weak throughout, with very limited room for rebounds. Bitcoin rebounded to around 63600 in the morning before coming under pressure and falling back, then fluctuated downward all the way. In the evening, short-side momentum accelerated, with the price reaching a low of around 62484, refreshing its recent low and coming just one step away from the previous low of 62228. Ethereum was relatively steadier, dipping to around 1863 at the evening low and still hovering at low levels. Yesterday, Zhilan’s live trading strategy remained focused on shorting rebounds, taking a total of 1387 points on Bitcoin and a modest 20 points on Ethereum throughout the day. Faced with the continued downtrend, we did not rush to buy the dip, but followed the trend and secured steady gains. The market has been moving in a channel-like decline, repeatedly coming under pressure after rebounding to the upper boundary of the channel. The short-side trend continues, the market’s center of gravity keeps moving lower in the short term, and short-side momentum continues to accumulate. On the daily chart, the price has continued to decline with consecutive bearish candles, without any significant bullish rebound in between. The bearish candle bodies are full and strong, forming a range breakdown and downward structure, with the descending channel now officially open. On the 4-hour chart, the price has formed a clear pattern of progressively lower highs. The rebounds are merely brief technical corrections during the decline and cannot reverse the downward structure. The price has also broken below the 63700 midpoint support of the broad consolidation range. If it fails to reclaim this level and trade above it, it will subsequently seek lower support levels. On the 1-hour chart, the price rebounded after a downward wick broke below the 62500 support level, but after forming a lower low, the bulls still failed to produce a strong rebound. It is currently trading below the 63100 resistance level, representing a weak recovery after a sharp decline rather than a reversal. All timeframes are aligned in a weak trend, with the short-side trend remaining intact. The short-term downtrend is unlikely to reverse in one move, so the strategy remains to short rebounds. Weekend market fluctuations are relatively small, so maintain proper protection and control position size. Bitcoin: Short near 63100 on a rebound, targets 62500→61800 Ethereum: Short near 1888 on a rebound, targets 1850→1820 #GateLaunchpool瓜分141万枚DOS $BTC ‌$ETH ‌

$BTC is looking bearish on the 1D chart right now. Price is below the Bollinger midline around 64K and momentum indicators are weakening. MACD is bearish and KDJ is also pointing down. Short bias below 63.4K Entry 63.0K-63.4K TP1 62.55K TP2 61.37K TP3 59.35K Stop Loss 64.1K If BTC reclaims 64K with strong volume then the short setup becomes invalid.

An anonymous investor bought $19 million worth of Bitcoin today The size of the transaction reflects deep confidence in Bitcoin despite market volatility $BTC $ETH $XAUUSD $USDC #GateDOSLaunchpoolLive #GateCardTripleUpgrade #اليله #بيتكوين #الأسهم