August 15th BTC/SOL/ETH Contract Long/Short Analysis: Absolutely Faithful
Another classic example of a violent sell-off. The market's FGI plummeted from 75 to 60, and bulls are panicking again. Do you think the current market is at risk of a pullback from its highs? Not really. The daily moving average hasn't even broken, but this wave of violent sell-offs has rekindled fear. From a morphological perspective, this engulfing pattern won't break through in a short period of time, indicating a return to consolidation near the moving average. A breakout will require another three-day winning streak.
$BTC Bitcoin's pullback today doesn't break support at 118,500, but a small-scale rebound is possible. If the rebound fails to break through 121,900, it will resemble a head-and-shoulders top formation. The first support level below is 117,400. The focus is on whether the rebound will retrace to 121,900, forming a head-and-shoulders top formation. $SOL If the minor support level of 191-190 remains intact today, the market can continue its rebound. The first support level is 189. The upper resistance level is 200-201. Watch for a pullback to the lower support level before rising again to complete a W-bottom pattern.
$ETH Ethereum's strategy today is similar to that of the 4670 resistance level: watch for a pullback to complete a W-bottom pattern before continuing its upward push. Short-term support lies in the 4550-4530 range, with the first support around 4505.
The recent market trend reminds us of the breakout from late October to early November last year, followed by a violent pullback, and then the main upward trend began without looking back. Will this happen again, or is it just wishful thinking? The market will tell. (We provide you with the latest market analysis and precise trading points every day. Long and short positions are for reference only. Strict stop-loss and take-profit are required. Section Chief's exclusive invitation code is KEZHANG888 for a 20% discount on handling fees.) #美国7月PPI年率高于预期 #BTC再创新高 #BNB创新高
