8.4 Market Trend Analysis:
A new week begins, and it looks like this week will be a volatile one!
The pullbacks of $BTC and $ETH last week were expected, but the declines were enough to raise concerns: Bitcoin dropped nearly $10,000, and Ethereum also fell by over $600.
Fortunately, a rebound has come just in time to hit a critical resistance level. Currently, BTC is looking at the 115K-116K range; we need to closely monitor whether this rebound can break through; otherwise, it might plunge again, and BTC may test below 110K.
As for ETH, it is at the end of a large cyclical consolidation, with a clear flag formation structure. Support is seen at 3500, with strong support at 3200.
Overall, opportunities and risks coexist, so don't act impulsively.
Most mainstream altcoins have returned to their June starting points, and today there is a buy signal at the daily level. Strong coins like $tut, $gns, and $the can be tested with small positions. $DOGE has touched the bottom and is testing support, which also has bullish expectations.