8.18 Afternoon Analysis
The morning's significant drop 📉 really caught people off guard, and there is a high possibility that a classic daytime one-sided drop 📉 will form again, followed by an evening one-sided rise 📈 to bring it back.
Additionally, the support level at 114500 itself is struggling, and looking at this position on an 8-hour chart, it has historically been difficult to break through. If it does break through, it will likely move towards the previous low around 118000. If it holds, this wave of bullish momentum will continue; the prediction of Bitcoin hitting 13 is not unfounded!
Therefore, in the afternoon, Wanxiang still insists on a low analysis.
Suggestions
Bitcoin: Around 114500-115000
Targets: 118000-120000-130000