Analysis of Bitcoin and Ethereum on August 15

Although the sharp drop last night temporarily suppressed bullish sentiment, it did not break the upward structure, only slowing the rhythm. The backdrop of interest rate cuts and the main trend of the bull market remain unchanged. After the washout, the tug-of-war between bulls and bears intensifies, and the technical aspect enters a phase of 'time for space' repair. The daily mid-track and the 4-hour lower track show clear support, and institutional investors are still present. Today marks both the starting point for a rebound and possibly a signal for a new round of increases.

Trading Suggestions

- Bitcoin: Hold long positions with a target pressure of 119,500; if broken, look towards 121,000, with a long-term target of 124,500-126,500. If 119,500 proves effective as resistance, consider entering short positions with a target of 117,800-117,000.

- Ethereum: Pay attention to the key resistance at 4,650; if broken, pursue long positions towards 4,720 and the previous high; if not broken, switch to short positions with a target of 4,530-4,450. #BTC #BTC走势分析 #ETH #ETH走势分析 #美国7月PPI年率高于预期