August 18 Morning Analysis of Bitcoin and Ethereum
With the new week opening, the market continues to maintain a volatile pattern after the weekend's consolidation. Although there are signs of a death cross on the daily chart, similar divergence trends have appeared multiple times before, without changing the overall direction, so there is no need for excessive interpretation. Currently, it is mainly a range-bound operation, and grasping key levels is more important.
Bitcoin: Watch for support in the range of 116400–115500. If it stabilizes, it is expected to rise again, targeting 118600–119900. If it breaks through, then look for it to extend to 121000.
Ethereum: Revisit the range of 4380–4340 for long positions, targeting 4530–4580. Further breakthroughs will look towards 4680.
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