August 14 Market Analysis BTC / ETH
Yesterday Review
BTC: Continued to rise yesterday, 4-hour trend is healthy, maintaining an upward trend. This morning saw increased volume, breaking through the historical high, daily golden cross formed, a new round of upward cycle has begun. The weekly chart also remains healthy, the upward cycle has started. Pay attention to the Federal Reserve's interest rate cut process and other fundamental information, bullish in the short to medium term.
ETH (Second Coin): Initiated an independent market trend, 4-hour level saw a significant increase in volume, daily chart is healthy, golden cross formed, a new round of upward trend has started, expecting continued rise in the short term.
Altcoins: Overall follow the mainstream rise, altcoin index shows slight correction, market sentiment is recovering. Pay attention to BTC market share and fiat buying signals to determine the timing for altcoin initiation. ETH ecosystem coins are performing strongly, such as Pendle; if it breaks through with volume, it can be held. Recent market safety activities and Alpha points rewards are frequent, suitable for some opportunistic participation.
Intraday Market Analysis
BTC
Trend: 1 hour, 4 hours into the overbought range, daily line close to overbought
Support: 121,000 - 122,000
Resistance: 124,000 - 125,000
Expectation: Short-term continued rise
ETH
Trend: 1 hour, 4 hours into the overbought range, daily line overbought
Support: 4,500 - 4,600
Resistance: 4,800 - 4,900
Expectation: Short-term continuation of the rise
Operation Suggestions
BTC: Can enter the market in batches when it pulls back to the support zone; increase position if it breaks 125,000 with volume.
ETH: Can lay low near 4,600 in batches, target 4,800-4,900; pay attention to reducing positions to lock in profits after breaking 4,900.
Altcoins: Operate following strong mainstream varieties, control positions within 30% of total funds, focus on ETH ecosystem coins and popular themes.
Capital Management: Maintain discipline in profit-taking and stop-loss, avoid full position chasing highs, and operate in reasonable batches.
Continue to pay attention: $ETH AAVE SOL BTC SKL
