At 3 a.m. on August 11, the price of ETH pierced the 4300 dollar mark like a rocket, and the celebratory memes in the trader community had not yet cooled when a 'guillotine' in the afternoon made the K-line plummet straight to 4100 dollars. In just 12 hours, nearly 250 million dollars in short positions were crushed, with more latecomers falling into the deep pit of the pullback before dawn.

Brothers in the bear market, don't lose heart: It's normal for those who shorted a few days ago and were stunned by the surge to feel like the sky is falling. But now! The small scale has finally started to pull back! This is a breather opportunity, the key is whether this momentum can continue tonight.

Brothers in the bull market, don't get too excited:

Old Zhu thinks, there is really no need to stubbornly chase long now! This rise is a bit 'weird', it shot up suddenly, exuding an inexplicable strange energy.

Why strange? The rise is too urgent and rapid, the foundation is not solid! At this time, if the market makers want to crash the market for profit, it can happen in an instant. You could easily find yourself 'stuck on the mountaintop drinking the north wind'!

Want to buy the dip? Be patient! Honestly wait for it to pull back to the right position before making a move, don't rush in, first keep a close eye on the following key levels from Old Zhu.

Bitcoin evening:

Lifeline: 121,300.

How to look bearish? If the next hour's chart cannot stabilize above 121,300, then this pullback is not over and will have to probe down! The levels that can catch below are: 120,200 -> 119,100 -> around 118,000.

How to look bullish? If the 1-hour chart can steadily stay above 121,300, it indicates that the small pullback may be over, and it can push further. The pressure above is significant: 122,500 -> 123,300, and further up? That depends on whether the market makers are in a good mood (meaning high uncertainty, don't be too optimistic).

Ethereum evening:

Watershed: 181.8 dollars.

How to look bearish? If the 1-2 hour chart cannot stabilize above 4258, the pullback will continue. Lower levels: 4205 -> 4160 -> around 4105.

How to look bullish? If the 1-2 hour chart stabilizes above 4258, the pullback signal is finished, and it may continue to rise. Upper resistance levels: 4300 -> 4350 -> around 4388.

SOL evening:

Turning point: 181.8.

How to look bearish? If the 4-hour chart cannot climb back above 181.8 dollars, then it has to drop further. Buffer levels below: 177 -> 173 -> around 168.

How to look bullish? If the 4-hour chart stabilizes above 181.8 dollars, this pullback is considered over, and there is a chance to continue upward. Target above: 186 -> 189 -> around 193.

Old Zhu's view:

"'Don't get stuck' is a bloody lesson! Old Zhu has seen too many brothers who, when prices rise, greedily think 'it can go higher', and then a sudden pullback wipes out all profits or even traps them. Example: Just last month, there was also a sudden violent rise, and many thought 'the bull market is back' and chased it, but the next day a big bearish candle crashed down, leaving all those who chased high dumbfounded, unable to escape. The feeling of this rise is even more intense! So, it's better to miss the tail of the fish than to catch the last stick!"

"'Key positions' are our guiding lights. The prices mentioned above (121,300 BTC, 4258 ETH, 181.8 SOL) are not randomly written; they are key battlegrounds for market forces. If it stabilizes, it means bulls have temporarily won; if it cannot stabilize, it means bears still have strength. Watching these positions to trade is a hundred times better than guessing blindly!"

"Where's the 'strangeness'? There are no obvious major benefits, and the trading volume isn't perfect; it feels more like the main funds are pulling strongly. Such a pull often comes with the risk of 'burying people'. That's why Old Zhu repeatedly emphasizes not to chase high, wait for a pullback."

Old Zhu summarizes:

"The market changes rapidly, and key levels are like the starting gun! Are the brothers ready to buy the dip or hedge? Drop your direction in the comments! Old Zhu is watching the market online, updating movements at any time, give a follow, and don't get lost at critical moments! Remember: watch the right position, enter and exit quickly, don't let the market makers lead you by the nose!"#BTC走势分析 #ETH（二饼）