🍎8.5 Daytime Market Outlook.🍎
$BTC Viewpoint:
The large coin has broken through 114800 with strong volume, and the hourly closing price is above 114800, indicating a buy on the right side, with a stop loss on a break.
114432 has broken down with volume, and a rebound cannot reclaim, indicating a sell on the right side, with a stop loss on a reclaim. Pay attention to changes in volume and maintain stop losses.
At 114051, a false breakdown occurred; reclaiming allows for an additional buy position, with the stop loss at the false breakdown low or below 113036. If it cannot reclaim, do not add more.
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The large coin has stabilized above 115377 on the hourly level, looking up towards 116030-117152. If it cannot break through, it won't rise.
When shorting the large coin, pay attention to the upper level 117152, where a 2b false breakout may occur, and short with a light position. If it stabilizes above 117816, set a stop loss.
Conservative players should wait: buy at 112573, with a stop loss below 112019.
Observe when the large coin can reclaim the range on the daily level to consolidate, as this will provide a clear signal for a halt in the downtrend.
Before reclaiming the range, the daily level still has a risk of a second pullback. Only after reclaiming the range can it challenge the upper boundary of 120030.
Currently, the position at 116055 is the dividing line between bulls and bears for the large coin. If it breaks above, it will continue to rise, indicating strength. If it does not break this week, the yellow arrow on the left pointing to this bullish candle will lead us to a vast abyss.
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Upper resistance: 115377-116055-117152
Lower support: 114049-113094-112045
On the 4-hour level, a breakdown at 114049 looks down towards 112630-112047. 114049 must not break; if it breaks, it will fall back the same way it rose, potentially leading to even lower lows.
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$ETH Thought Process:
The second large coin has broken through 3688 with strong volume, indicating a buy on the right side, with a stop loss on a reclaim.
3670 has broken down with volume, indicating a sell on the right side, with a stop loss in place.
A pullback to 3603 confirms effective support for an additional buy position, with a stop loss below 3574.
The second large coin has stabilized above 3708 on the hourly level, looking up towards 3735-3775.
Be cautious of shorting at 3775 above, with a stop loss above 3806.
Left side orders: buy at 3518, with a stop loss below 3479.
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Upper resistance: 3708-3735-3775
Lower support: 3650-3603-3543
On the 4-hour level, a breakdown at 3610 looks down towards 3577-3527. The second large coin on the 2-hour level is forming a right shoulder of a head and shoulders pattern; once the right shoulder completes, a pullback is inevitable. Pay attention to the marked position of 3843 in the diagram; if the price behavior shows multiple failures to break through this position, the long position must exit, and the meeting concludes.