8.5 Afternoon Analysis
In the evening, the market rose to around 114000, then moved up to around 115400, before falling back to around 114600 and oscillating.
In the evening, the market rose to around 3545, then increased to around 3665, before falling back to around 3635 and oscillating.
From the daily candlestick structure, the market currently shows a shrinking volume with an upper shadow and a bearish candle. The upper resistance levels to watch are around 115500, 116500, and 117500, while the lower support levels to watch are around 113800, 113000, and 112200. On the four-hour level, the market touched the upper resistance near the upper band. On the hourly level, the market shows an increasing volume with two consecutive bearish candles with upper shadows.
Afternoon Suggestion:
For Bitcoin, if the market rebounds to around 114900-115400, look towards 113800-113300.
For Ethereum, if the market rebounds to around 3660-3690, look towards 3610-3580.