Today's Latest Market Analysis, August 12
BTC: Yesterday's correction and consolidation were unaffected by significant bearish factors. The 4H and daily charts showed healthy trends, with a golden cross forming, signaling the start of a new uptrend. The weekly trend is positive; monitor volume fluctuations and the progress of the Fed's rate cuts. Expect continued upward momentum after volatile trading.
ETH: Its independent trend continues, with positive 4H and daily chart trends. If volume continues to increase, expectations remain high, and the upward trend is expected to continue.
Altcoins are generally consolidating in line with the mainstream, with sentiment slightly improving.
In the medium term, consider investing in high-cap, high-quality coins, and in the short term, follow high-volume stocks.
Key Support/Resistance
$BTC : Support 118000-118500 | Resistance 120000-121000
$ETH : Support 4150-4200 | Resistance 4400-4500
