【8.16 Weekend Market Analysis】
The $BTC stock has made two attempts to break through 120,000 but failed, raising market concerns.
However, from the trend perspective, since the launch at 15487, the highs and lows have been continuously rising, and the trend line remains robust, indicating that the overall structure is still in a bull market. The current pullback seems more like a shakeout rather than a trend reversal, and the support area is solid, with no significant increase in bearish momentum, keeping the overall trend healthy.
For $ETH , after a peak, a short-term bearish pattern has formed on the daily chart, entering a phase of correction, but the bearish momentum has gradually weakened. The support in the 4168–4360 range is clear, and the four-hour chart has shown signs of a stop in the decline. If this continues, it is expected to stabilize around the support level and welcome a reversal.
Overall, both BTC and ETH remain in the rhythm of a bull market, and short-term fluctuations do not change the mid-term upward trend. The key lies in seizing the layout opportunities after the pullback.
Next week, the market still needs to pay attention to risks, as macro factors are about to stir the market again.