18.08.202609:06 Forex Analysis & Reviews: Trading Recommendations for the Cryptocurrency Market on August 18

Bitcoin and Ethereum continued their recovery yesterday, but have yet to break out of their narrow ranges.

Meanwhile, BitMine has continued to buy Ethereum for the 14th consecutive month, while Strategy has not touched Bitcoin for the fourth week. Yesterday, it was reported that Tom Lee's BitMine added 9,926 Ethereum to its balance, bringing its reserves to 5,815,164 coins, about 4.8% of the asset's total supply and 96% of the way to its stated goal of owning 5% of all circulating Ethereum.

The regularity of accumulation is notable; the company has been buying Ethereum weekly for 14 months since launching its Ethereum treasury strategy on June 30, 2025, without a single miss. Over 5 million coins, or 87% of the total reserves, are staked through its own institutional platform MAVAN, generating an annual yield of 2.61% and a projected income of $250 million per year. Concurrently, the company has repurchased 1.7 million of its own shares, raising the total buyback volume since July 1 to 20.8 million shares under a $4 billion program, which Lee has called the largest such buyback among all crypto treasury companies in history.

In contrast, Strategy has completely ceased operations with Bitcoin this week, leaving its reserve unchanged at 840,447 coins. For the first time in a month, the company did not buy the asset. Instead, it directed all capital towards strengthening its preferred shares, repurchasing 1,388,720 shares for $132.2 million at an average price of around $95.20, financing the operation by selling 3,458,866 MSTR shares for $333.7 million. The proceeds were divided into three parts: $52.4 million in dividends on STRC, $132.2 million for the buyback, and the remaining $149.1 million to replenish the dollar reserve, which rose to $4.8 billion.

For short-term trading, the strategy and conditions are outlined below.

Bitcoin

Buy Scenario

• Scenario No. 1: I plan to buy Bitcoin today when it reaches around $64,500, targeting a rise to $64,900. At around $64,900, I will exit my buy positions and immediately sell on the bounce. Before buying on a breakout, ensure that the 50-day moving average is below the current price and that the Awesome indicator is in the zone above zero.
• Scenario No. 2: I can buy Bitcoin from the lower boundary of $64,300 if there is no market reaction to its breakout in the opposite direction, targeting $64,500 and $64,900.

Sell Scenario

• Scenario No. 1: I plan to sell Bitcoin today when it reaches around $64,300, targeting a decline to $63,900. At around $63,900, I will exit my sell positions and immediately buy on the bounce. Before selling on a breakout, ensure that the 50-day moving average is above the current price and that the Awesome indicator is in the zone below zero.
• Scenario No. 2: I can sell Bitcoin from the upper boundary of $64,500 if there is no market reaction to its breakout in the opposite direction, targeting $64,300 and $63,900.

Ethereum

Buy Scenario

• Scenario No. 1: I plan to buy Ethereum today when it reaches around $1,907, targeting a rise to $1,926. At around $1,926, I will exit my buy positions and immediately sell on the bounce. Before buying on a breakout, ensure that the 50-day moving average is below the current price and that the Awesome indicator is in the zone above zero.
• Scenario No. 2: I can buy Ethereum from the lower boundary of $1,897 if there is no market reaction to its breakout in the opposite direction, targeting $1,907 and $1,926.

Sell Scenario

• Scenario No. 1: I plan to sell Ethereum today when it reaches around $1,897, targeting a decline to $1,885. At around $1,885, I will exit my sell positions and immediately buy on the bounce. Before selling on a breakout, ensure that the 50-day moving average is above the current price and that the Awesome indicator is in the zone below zero.
• Scenario No. 2: I can sell Ethereum from the upper boundary of $1,907 if there is no market reaction to its breakout in the opposite direction, targeting $1,897 and $1,885.