🔥🔥 Market Analysis 8.12
$BTC The pullback yesterday digested emotions, with no negative fundamentals. The 4H and daily trends are healthy, and a golden cross has formed on the axis. The pullback is just a buildup of strength, and the weekly trend is good; a major upward cycle has begun. Pay attention to changes in trading volume and expectations for Federal Reserve interest rate cuts during the day; in the short term, we still see a slight upward movement.
Support: 118000-118500
Resistance: 120000-121000
$ETH The independent market continues, with the 4H remaining healthy. If the volume continues to increase, it is expected to continue climbing. A golden cross has formed on the daily chart, and a new round of increases is on the way.
Support: 4150-4200
Resistance: 4400-4500
Altcoin Sector
Overall follows the mainstream consolidation, with emotions warming up. Pay attention to BTC's market share and fiat currency buying signals to judge the timing for altcoin activation. The ETH ecosystem is performing actively, with PENDLE breaking through on volume; holders can continue to follow up.
Operational Thoughts
Mainstream Coins: Hold in the trend, buy on dips, increase positions on breakouts.
Altcoins: Focus on high market cap quality varieties and ETH-related coins with increasing volume.
