8.14 Midday Market Briefing
🚀 $BTC
Yesterday continued to rise, the 4-hour trend is healthy, and this morning saw a renewed breakout of historical highs!
The daily golden cross has formed, and the weekly trend is stable, indicating that a new round of increases has begun. Pay attention to the Federal Reserve's interest rate cut process and fundamental information, today's expectation still leans towards bullish.
Support Level: 121,000–122,000
Resistance Level: 124,000–125,000
4-hour and 1-hour levels have entered the overbought zone, and the daily is approaching overbought. The short-term remains strong, with intra-day bulls persisting.
Support Level: 4,500–4,600
Resistance Level: 4,800–4,900
🔥 Altcoins
The market follows the mainstream rise, with the altcoin index slightly retracing, and market sentiment gradually recovering.
ETH ecosystem coins are significantly affected.
BTC/ETH, although short-term overbought, still has opportunities for upward movement in rhythm.
Risk management is key, allocate in batches, and pay attention to taking profits.
