08.13——— Bitcoin Ethereum Market Analysis
$BTC Bitcoin is currently likely to be in a consolidation zone ✅118200-120200. From a short-term perspective, if this small breakout naturally falls back without breaking 119100, it may still rise. Indeed, there are only 100 points left until the publication; otherwise, the probability of accumulating in the aforementioned consolidation area is high. If it stays here, altcoins may have a small surge.
✅ The first resistance above is at 120700-121700. I already published yesterday, and I will not short above.
$ETH Ethereum was called garbage 🗑️ during the crash, and a true god during the surge, but have you made money from it? Have you been shorting while trying to touch the top recently?
✅ You need to follow the trend. A big account with 34 times the profit takes profit at 4030, then continues to increase the average position at 4088, which is another 10 times. Trend trading is this strong.
✅ Currently, I personally believe the first resistance is still 4764, which is also my reduction position. The key support to watch below is 4355; if it doesn’t break, it will continue to rise. If it breaks, it will enter consolidation, with a range possibly between 4174-4450.
⚠️ Are you still confused about the future trend? You might as well follow for guidance.