🧲8.6 Daily Market Insights.🧲
$BTC Insights:
Bitcoin volume breaks through 114006, the hourly closing price stands above 114006, look to go long on the right side, stop loss on break.
If it drops below 113437 with volume and cannot recover, look to short on the right side, stop loss on recovery. Note the changes in volume and manage stop losses well.
If it fakes a drop below 112587, recover one more position, stop loss if it breaks below 111526; if it cannot recover, do not go long.
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Bitcoin breaks through and stabilizes at 114006, looking upwards at 115330-116020, the battle to defend 114006 starts again.
For shorting, pay attention to the 115330 level where a 2b fake breakout may occur, go short with light position; if it stabilizes above 116020, set a stop loss.
Conservative players wait: go long at 110845, stop loss if it breaks below 109796.
Last night, after the flag pattern of Bitcoin was broken, it attempted to bounce back within the flag but was blocked by the lower boundary and failed to succeed. Then a high position doji appeared, indicating a divergence between bulls and bears at this level; the bears eventually won, breaking below the 114000 support, and attempted to rebound again but failed due to the weakness of the bulls. Currently, Bitcoin is testing support at 112600 and is bouncing upwards; if it cannot break above 114000, it cannot continue to rise.
As long as Bitcoin does not break the previous low of 111850, it will oscillate within the 114000-112600 range. In short, as long as Bitcoin does not make a lower low, the bulls are temporarily safe.
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Upper resistance: 114006-115660-116020
Lower support: 113047-112651-111850
On the 4-hour chart, if 113222 breaks down, look down to 112617-111850; it may not hold before breaking 112617.
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$ETH Thoughts:
Altcoin volume breaks through 3610, look to go long on the right side, stop loss on recovery.
If it drops below 3572 with volume, look to short on the right side, manage stop loss well.
If it tests back to 3519 and confirms support, go long one more position; stop loss if it breaks below 3483.
The hourly level for altcoin stabilizes at 3602, looking upwards at 3633-3679.
For altcoin, pay attention to 3679 for a short position; stop loss at 3713.
Left side orders: go long at 3454, stop loss if it breaks below 3424.
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Upper resistance: 3602-3633-3679
Lower support: 3560-3519-3482
On the 4-hour chart, if 3544 breaks down, look down to 3506-3454; all high and low points in the hourly chart for altcoin are decreasing. The neck line marked at 3519 should not break; if it does, refer to the position indicated by the right-side yellow arrow.
