BTC/ETH Silk Road Analysis on 8/15 at Noon

BTC: The daily line closed yesterday with a long lower shadow and a large bearish candle. The support at 117,000 appears strong, but there is still selling pressure above. On the 4-hour cycle, the price has returned to around 119,000, showing oscillation and recovery after a significant drop. In the MACD indicator, the DIF and DEA are converging, and the green bars are shortening, indicating weakened bullish momentum.

Trading Recommendations:

BTC: Make a long position near 118,200 - 118,700, targeting 120,000 - 121,000.

ETH: Make a long position near 4,550 - 4,600, targeting 4,730 - 4,830.

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