8.19 Afternoon Market Analysis
From the overall structure, BTC is showing a wave-like pullback, currently in the early stages of a three-wave decline. There has not yet been a clear resistance below, with the key support area at the 112000 level—this position is both the previous starting point and an important node for trend judgment; if this level holds, the trend has not yet changed.
The current market rhythm is clear, and a short-term rebound can be seen as a process of gathering strength. Overall, maintain a bearish outlook for the day, with a key focus on the defense of the 112000 support level; the loss or gain of this position will affect the short-term trend direction.
Recommended Action:
For BTC, trade in the range of 115500-116000, targeting down to around 113800-114300.
For ETH, trade in the range of 4260-4290, targeting down to around 4140-4170.$ETH $ETH #币安HODLer空投PLUME #加密市场回调 #俄乌冲突即将结束？ #Strategy增持比特币 #ETH质押退出动态观察
