8.4 Monday Zhiming Morning Analysis and Suggestions
Looking back, the large pancake retraced to around the low of 113600 and stopped going up, reaching a peak of 114155 before entering a range of fluctuations again. Ethereum synchronized with the large pancake, rebounding from the midnight low of 3454 to the current highest point of 3515, and has opened up fluctuations again.
Looking at the chart, both the large pancake and Ethereum have completed their daily retracement, confirming a short-term low and forming a healthy bullish rebound trend. The four-hour level shows a series of positive candles, and the coin price has reached and stabilized at the middle band of the Bollinger Bands, achieving a small cycle breakthrough in the overall market, with a strong short-term trend, although it has not yet entered an extremely strong one-sided state. Specifically, Bitcoin at the four-hour level has formed a small V-shaped reversal after touching the low of 111,850. If it can effectively break through the previous resistance today, the bulls will establish a strong continuation pattern; on the contrary, the market may turn into a strong fluctuation, showing a step-backward trend.
Zhiming's Suggestions
Large pancake around 113800-113300, look for 114600-115100
Ethereum around 3480-3450, look for 3420-3450
#以太坊十周年
Looking back, the large pancake retraced to around the low of 113600 and stopped going up, reaching a peak of 114155 before entering a range of fluctuations again. Ethereum synchronized with the large pancake, rebounding from the midnight low of 3454 to the current highest point of 3515, and has opened up fluctuations again.
Looking at the chart, both the large pancake and Ethereum have completed their daily retracement, confirming a short-term low and forming a healthy bullish rebound trend. The four-hour level shows a series of positive candles, and the coin price has reached and stabilized at the middle band of the Bollinger Bands, achieving a small cycle breakthrough in the overall market, with a strong short-term trend, although it has not yet entered an extremely strong one-sided state. Specifically, Bitcoin at the four-hour level has formed a small V-shaped reversal after touching the low of 111,850. If it can effectively break through the previous resistance today, the bulls will establish a strong continuation pattern; on the contrary, the market may turn into a strong fluctuation, showing a step-backward trend.
Zhiming's Suggestions
Large pancake around 113800-113300, look for 114600-115100
Ethereum around 3480-3450, look for 3420-3450
#以太坊十周年
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BTC
114,364.8
-0.09%
ETH
3,628.5
+2.08%
