8.14
BTC
The big pancake has already broken the previous high. Overall, this position is still bullish. In fact, there isn't much to say about the current market; there is no formation of a top yet. So, it will either rise or consolidate—those are the only two scenarios. Even if there is a pullback, it won't be very deep; it needs to establish a structure, and currently, it hasn't formed the corresponding structure. Therefore, a significant drop is not visible, with support at 121800-120500
ETH
Ethereum is really very strong, showing no signs of a pullback. Even if there is a pullback, it will be a minor level correction. It seems that HashKey Capital's address has once again sold 7,300 ETH, having recently sold 31,300 ETH. In recent days, there are signs that the foundation and some institutions are offloading, so it’s essential to pay attention to market changes at this position. Therefore, one must be highly sensitive to the market currently. Ethereum is still climbing upward, and as per previous thoughts, as long as it can hold above 4800, it will move toward 5000. However, the higher it goes, the greater the risk at this position. While Ethereum is moving upward, we need to pay attention to the rotation of altcoins. Yesterday, it rotated to platform coins, with support at 4640-4580 and resistance at 4800-4900.
SOL
As we anticipated, it is continuing in a consolidating uptrend. The weekly level has not yet fully developed, so we can wait a bit longer, focusing on the upper range between 213 and 253.
