2026.8.21 #btc
Global stock markets have been falling continuously. Only the crypto space has kept rising sharply—funds are pouring in like tides, and all the key short-term pressure levels have been broken. The maximum pullback has only held for 15 minutes. The squeeze against shorts is basically completed: the short positions that helped push prices higher have been largely cleared. The next leg of the advance now needs to be driven by genuine buying pressure, not a squeeze. The two major coins have surged enormously in the short term, so chasing blindly carries a higher risk. It’s recommended to wait for a healthy pullback before getting involved. If the 30-year U.S. Treasury yield rebounds to around 5.3% or if risk sentiment reverses, the rally may be quickly suppressed. This rebound is largely driven by liquidations rather than sustained buying. Once the short covering squeeze finishes, the lack of follow-through could trigger a rapid reversal. But today is Friday—once the bulls’ momentum kicks in, they may keep running at full speed. This is the main force squeezing shorts to the extreme.
BTC: Today—go long first, then short later. Follow the market rhythm. Liquidity has become unusually abundant in the past few days. Funds are still continuously adding, so shorting isn’t easy. You must wait for a clear stop/defense signal. The time funds spend entering is short, and the chances of immediate withdrawal are not high. The past few days are not a normal situation—bears are in a frenzy.
Support: 72500, 70990-71300. Resistance: 75800-76200, 77300
ETH: Buy on a dip first, and short only after the acceleration produces a bearish signal. The current bull structure has not changed. 2300 is the key level to watch—if it can hold and then pull back to confirm support, the rebound could extend to 2400-2450. If it breaks below 2,200, the short-term bull structure may be damaged. After consecutive surges, the 4-hour indicators have entered the overbought zone, and a short-term pullback/repair is likely needed. ETH started rising too fast; currently BTC is catching up, and ETH is following.
Support: 2300-2320, 2260-2280. Resistance: 2380-2400, 2430, 2455, 2490
Global stock markets have been falling continuously. Only the crypto space has kept rising sharply—funds are pouring in like tides, and all the key short-term pressure levels have been broken. The maximum pullback has only held for 15 minutes. The squeeze against shorts is basically completed: the short positions that helped push prices higher have been largely cleared. The next leg of the advance now needs to be driven by genuine buying pressure, not a squeeze. The two major coins have surged enormously in the short term, so chasing blindly carries a higher risk. It’s recommended to wait for a healthy pullback before getting involved. If the 30-year U.S. Treasury yield rebounds to around 5.3% or if risk sentiment reverses, the rally may be quickly suppressed. This rebound is largely driven by liquidations rather than sustained buying. Once the short covering squeeze finishes, the lack of follow-through could trigger a rapid reversal. But today is Friday—once the bulls’ momentum kicks in, they may keep running at full speed. This is the main force squeezing shorts to the extreme.
BTC: Today—go long first, then short later. Follow the market rhythm. Liquidity has become unusually abundant in the past few days. Funds are still continuously adding, so shorting isn’t easy. You must wait for a clear stop/defense signal. The time funds spend entering is short, and the chances of immediate withdrawal are not high. The past few days are not a normal situation—bears are in a frenzy.
Support: 72500, 70990-71300. Resistance: 75800-76200, 77300
ETH: Buy on a dip first, and short only after the acceleration produces a bearish signal. The current bull structure has not changed. 2300 is the key level to watch—if it can hold and then pull back to confirm support, the rebound could extend to 2400-2450. If it breaks below 2,200, the short-term bull structure may be damaged. After consecutive surges, the 4-hour indicators have entered the overbought zone, and a short-term pullback/repair is likely needed. ETH started rising too fast; currently BTC is catching up, and ETH is following.
Support: 2300-2320, 2260-2280. Resistance: 2380-2400, 2430, 2455, 2490
