Morning analysis on 8.20

From the four-hour chart, the market shows a step-like downward trend. The price has broken through the lower band of the Bollinger Bands, and the momentum has been continuously increasing, with the Bollinger Bands also opening downward. Although there is a slight rebound now, the upward momentum is clearly insufficient, and the overall trend is still hovering around the lower band of the Bollinger Bands.
From the one-hour chart, after the price rebounded above the lower band of the Bollinger Bands, two bearish candles appeared. However, based on previous movements, the lower band has provided some support and offered a launching pad for the rebound. Therefore, there may be a slight rebound in the morning before moving down again. In terms of operations, consider shorting after the rebound.
For Bitcoin, you can short around 113500, with a target of looking at 112000.
For the second pancake, shorting around 4160 is also possible, with a target of around 4000.