8.7 Evening Thought Analysis $BTC $ETH
The large coin has firmly stood at 116000 on the hourly level and has broken through, indicating that the bulls are very strong, which is the key position I have mentioned. Next, we can focus on the two positions of 117300 and 117800. On the four-hour level, we need to pay close attention to 114300; if the closing price is below this position, it means that the bullish rebound has ended and a correction may begin, with the correction targets around 113700 and 112660.
Currently, the large coin shows a W-bottom pattern on the four-hour level. If the range of 115800-116000 can hold steady, then the W-bottom pattern will be completely formed. If the daily level can close above 116000, it indicates that the correction has ended, and the market may welcome a second surge, with targets in the range of 118000-123000. If 123000 can be broken through, then the large coin may surge towards 125000 to 130000.
As for Ethereum, if it can firmly hold above 3815 and break through, it indicates that the bulls are very strong, with targets at the two positions of 3855 and 3903. On the four-hour level, we need to closely monitor 3720; if the closing price is below this position, it means that the rebound has ended, and a correction may begin, with target positions around 3680 and 3630. On the daily level, pay attention to the closing situation of 3820; if it stabilizes above this position, then the upward target will be in the previous high range of 3900-4100. #比特币流动性危机 #ETH巨鲸增持 #美SEC批准流动性质押