8.12

BTC
The position mentioned to everyone yesterday broke the descending trend line, but we need to pay attention to a pullback to the descending trend line. Yesterday, there was a pullback to the descending trend line, but it did not break the descending trend line. At the current position, if there is no large bullish candle on the daily level to sustain the rise, we need to be aware of the risk of divergence on the daily level. Currently, the daily closing line is below 120,000, so we need to observe whether this position can return to within the trend line. The turning point of this wave of market will revolve around 117,300. If the 117,300 position is broken, it may lead to a wide range of fluctuations, with the fluctuation range between 112,500 and 120,000. In summary, the current situation of Bitcoin is likely to maintain a range-bound trend. We should now pay attention to the resistance above and the support below to see which direction it moves, as it will determine its directional choice. Support levels are 118,000 - 117,200 - 115,000, and resistance levels are 120,000 - 122,000.

ETH
Ethereum at this position also needs to go to Zhen Dan. Currently, it needs to repair the four-hour level. If it does not stabilize above 4300 at the daily level mentioned yesterday, be aware of the risk of daily divergence. Therefore, Ethereum either needs to make a pullback or continue to consolidate at the four-hour level and then choose a direction. To continue to rise, it is important not to fall below 4125, with support at 4130-4000 and resistance at 4300-4450.

#TOKEN OF LOVE 重磅回归