8.18 Monday early morning Bitcoin Ethereum market analysis and trading suggestions

Do not be afraid of temporary confusion and difficulties; they are a necessary part of growth. As long as there is light in your heart, you will have direction under your feet. Courageously move towards your goals, and you will break through the fog and find your own broad road. Market Review: After experiencing several days of weak fluctuations, we finally welcomed a rebound. Bitcoin surged from an intraday low of 117138, reaching a high of 118517 before encountering resistance and falling back. Currently, the price has once again entered a correction phase. Ethereum also showed a similar trend, successfully recovering lost ground during the rebound, climbing to a high of 4574 before facing resistance, and is now in a high-level consolidation state. Overall, although short-term rebound momentum is evident, there is significant pressure above, and the market still needs more buying support to sustain the upward trend.
The Bitcoin market has recently continued to show a stalemate, with the overall trend still unable to break through the key resistance and support levels forming the range. Over the weekend, a clear box consolidation pattern was formed. This sideways movement has lasted for nearly three days, during which there have been occasional breakthrough attempts, but ultimately they have all fallen back into the range due to insufficient volume, and selling pressure remains above, still seeing a bearish outlook for the rebound in the early hours.
Bitcoin: Short position can be taken near 118000-118500, with a short-term target of 116800.
Ethereum: Short sell near 4540-4560, short-term target 4450
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