8.19 Midnight Big Cake Aunt Market Analysis
Monday's market has also finished, and the day's market was mainly centered around fluctuations, with some improvement in the evening. During the day, the Bitcoin price basically maintained a range of 114500 - 116000 in a fluctuating manner. In the evening, there was a brief small rise that did not continue, ultimately stopping at 116350. The Ethereum trend is still relatively clear. After a minimum pullback to the 4225 line in the afternoon, it rebounded by more than a hundred points. It touched the 4370 line and faced pressure. Currently, it is running around 4330.
On the 4-hour chart, multiple attempts to touch the high have seen a retest that broke the support of the high point, with stability above. If it holds, continue to look bullish; if it breaks, it will turn to a decline. In the short term, it may show a longer period of fluctuating tug-of-war. Both bulls and bears are changing.
Big Cake pullback can be around: 114500-115200, target: around 116800-117800
Aunt pullback can be around: 4300-4250, target: around 4380-4480 $BTC $ETH