Thursday morning, August 20 Bitcoin and Ethereum market analysis and trading recommendations When the trend arrives, those following it only need to sit tight and hold on. Looking back from the early hours until now, there was a slight pullback and consolidation after last night's surge, but the bullish momentum has not weakened. Bitcoin tested the 70000 level again this morning, while Ethereum was even stronger, showing virtually no significant retracement and refreshing its high to around 2336 this morning. It is still undergoing digestion and consolidation, with most of the gains retained. The bulls hold absolute dominance in this round of market action. Yesterday's strategy remained firmly bullish throughout, and the early-morning outlook also clearly advised buying on pullbacks. The Bitcoin long position exited at 69381 this morning after taking profit, capturing another 1445 points. Those who followed have basically doubled their positions. Surely no one is still going against such a strong market by shorting and getting liquidated, right? In trading, identify the overall direction. If you cannot judge it accurately yourself, you might as well follow Zhilan's live-trading rhythm and steadily take profits. Do not call a top during a rise. The current chart has completely opened up upside space with a large bullish candle breakout, marking entry into a new structure. The bullish structures across all major time frames remain intact, and the support platform continues to move higher. The daily chart closed with a solid large bullish candlestick, breaking through the upper boundary of the long-standing consolidation range and disrupting the previous range-bound pattern. The daily chart is forming a bullish inverse head-and-shoulders pattern, with the key neckline at 66600. The market has already broken through and stabilized above it, with the subsequent upside target around 76000. This pattern also indicates that after the previous major decline, the market is highly likely forming a bottoming range. 4-hour timeframe: An ascending staircase structure formed earlier, followed by a powerful breakout bullish candle with a long upper shadow after consolidation. It directly surged to a new high. Although a pullback occurred, most of the gains were retained. A new support zone has formed at 67200-66600 below. After consolidation is complete, the market is expected to continue expanding upward, with a new round of bullish structure about to begin. 1-hour timeframe: After the strong surge, the market did not experience a deep correction. Following a brief pullback and stabilization, it continued to trade sideways at high levels. Buying support remains strong, and the overall upward structure remains intact. After a strong surge, there may be a short-term need for a pullback. Do not chase the market higher; first look for a wave of decline to open short positions, then buy back long positions at lower support levels. Bitcoin: Buy on a pullback to around 69000-68500, target 70450→74000 Ethereum: Buy on a pullback to around 2220, target 2336→2381 #BTC升破69000美元日内涨幅6.43% $ETH ‌$BTC ‌

8.20 ETH/Prince Strategy/ After ETH’s sharp surge, it pulled back under pressure after reaching a high of 2336.82. It is currently consolidating at high levels below the upper Bollinger Band, entering a short-term digestion phase after the bulls’ breakout. Upper resistance: 2335‑2337, the peak of this surge; only a firm hold can further open up upside room. Lower support: 2163, a key defensive level at the Bollinger Band middle line; a break below it would bring a substantial pullback. Without further ado, today’s strategy: Suggested entry: Buy on a pullback near 2240 Take-profit: Around 2270 Stop-loss: 2230