🏵️Market view on August 19th at noon.🏵️
$BTC 's view:
Bitcoin breaks through 115789 with volume, and the hourly closing price stays above 115789, chase long on the right side, stop loss if it breaks down.
115558 breaks with volume and fails to recover, chase short on the right side, recover stop loss, pay attention to volume changes, and set a proper stop loss.
114793 shows a false breakdown, add one more long if it recovers. Set stop loss at the low of the false breakdown or below 114019. If it can't recover, don't go long.
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Bitcoin's hourly breakout stands at 116931, looking upward to 118071-119126. It can only look upward if it stands above 116931.
For shorting Bitcoin, pay attention to the upper side at 118535 where a 2b false breakout occurs, short one position, stop loss if it stands above 119126.
Conservative players wait: long at 113555, stop loss if it breaks down at 112626.
Bitcoin's hourly level has seen higher highs; as long as it pulls back without breaking the box drawn in the chart and does not create lower lows, maintaining in the upper boundary of the box means Bitcoin will have a rebound.
If it can break through 117100, it should test 118121 and 119126. If it reaches 119126, it is also the position to reduce long positions for profit, as it is still in a downtrend. The market has not reversed unless it stands above 119126; otherwise, we can only look for a rebound.
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Upper resistance: 116667-118071-119126
Lower support: 115235-114188-113175
At the 4-hour level, if 115288 breaks down, look down to 114262-113259. No issues if it does not break 114262.
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$ETH 's thought:
Ethereum breaks through 4341 with volume; chase long on the right side, recover stop loss.
4282 breaks down with volume; chase short on the right side, set a proper stop loss.
Pull back to 4222 to confirm support is valid, add one more long position, stop loss if it breaks 4188.
Ethereum's hourly level stands at 4355, looking upward to 4389-4427.
Pay attention to 4391 for a short position; set stop loss if it breaks 4425.
Left side orders: long at 4189, stop loss if it breaks 4159.
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Upper resistance: 4355-4389-4427
Lower support: 4232-4189-4156
At the 4-hour level, if 4222 breaks down, look down to 4165-4083, where 4165 must not break; if it breaks down, it's game over.
Continue to observe the chart: Ethereum's hourly level has been running within a bullish flag. You can do high sell and low buy around the upper and lower boundaries of the flag. Ethereum can only start to rise if it breaks through the bullish flag; if it doesn't, it will continue to oscillate within the bullish flag pattern, dispersing the meeting.