🍫Market Insights for the Afternoon of August 17.🍫
$BTC Insights:
The major coin has broken through 117810 with volume, closing above the 117810 hourly level; continue to buy on the right side, with a stop loss if it breaks.
If it drops below 117151 with volume and fails to recover, sell on the right side, with a stop loss; pay attention to volume changes and keep a good stop loss.
If it fakes a breakdown at 116432 and recovers, increase by one position; if it fakes a breakdown at the low or breaks below 115589, set a stop loss—if it can’t recover, don’t buy more.
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The major coin has broken through and stabilized at 117823; look upward to 119129-120309. If it can’t go higher, these are the key levels.
When shorting the major coin, be cautious if 119129 shows a 2b false breakout and short one position; if it breaks and stabilizes at 120309, set a stop loss.
Conservative players can wait: buy at 114157, with a stop loss if it breaks below 113188.
As long as the major coin doesn’t break below 118000, I want to see it form a head and shoulders bottom pattern, but that’s no longer necessary to watch.
Whenever it can recover above 118000, it might still form the right shoulder of the head and shoulders pattern; if it can’t recover, the head and shoulders pattern is useless.
If it can recover above 118000 to consolidate and form the right shoulder, the highest I can see is around 122160; at this position, observe price actions to see if it breaks upwards or creates a false breakout and retraces.
The major coin is currently fluctuating in the range of 117827-117136; when it breaks out or breaks down, it will find direction. If it can’t go up or down, it’ll continue to consolidate within this range!
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Upper resistance: 117823-119129-120309
Lower support: 117135-116314-115128
On the 4-hour level, if it breaks below 117064, look downward to 116377-115175. This market has fluctuations of several hundred dollars; opening positions is meaningless.
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$ETH Strategy:
The secondary coin has broken through 4423 with volume; buy on the right side, with a stop loss if it recovers.
If it breaks below 4393 with volume, sell on the right side; keep a good stop loss.
If it retraces to 4336 and confirms support is valid, increase by one position; if it breaks below 4296, set a stop loss.
The secondary coin has stabilized at 4437; look upward to 4488-4522.
For the secondary coin, pay attention to 4491 to short one position; set a stop loss if it breaks 4522.
Left-side orders: buy at 4255, with a stop loss if it breaks below 4225.
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Upper resistance: 4437-4488-4522
Lower support: 4392-4335-4296
On the 4-hour level, if it breaks below 4374, look downward to 4312-4254. This yellow trendline on the 4-hour chart for the secondary coin absolutely cannot break; if it does, the secondary coin will redraw the door and directly look at 4155 here. Have a nice weekend, everyone.
