8.18 Afternoon Analysis

Currently, the 114923 level has become a key node for short-term market contention. When a pullback approaches this level during the day, a quick stabilization highlights the evident strength of support at lower levels ↑. This resonates with the previous area of concentrated trading, indicating that the market exhibits a strong defensive posture here.

During the stabilization process, the suburban volume shows a moderate increase, and no signs of panic selling have appeared, suggesting that market strength is gradually ↓, and the short-term rhythm is starting to tilt towards the upward trend.

From the four-hour trend perspective, the adjustment structure remains healthy, and the conditions for reversal have basically been met. The adjustment that started from 124545 has formed a standard three-phase pullback (upward - pullback - stabilization), which is a normal corrective performance in the continuation of the trend.

Suggestion:

Bitcoin: Look for a position around 114800-113800, targeting around 116500.

Altcoin: Pay attention to 4175 as a strong support, currently at around 4256, consider a short position.