8.20 Midnight Bitcoin and Ethereum Market Analysis
After stabilizing in the early morning, the coin price fluctuated upwards, reaching a high of 117000. It then retraced to the 114300 area for consolidation during the day. In the evening, it peaked at 115800 before falling below 114000, currently running around 113700. The Ethereum trend is synchronized with Bitcoin, rising above 4380 before retracing to a low of 4169, and is currently stable around 4200.
From the current daily structure, the market shows an increase with a lower shadow bearish candle, focusing on the 114000 area below and the 116500 area above.
Bitcoin retracement can be around: 113000 - 112500, with a target of 114200 - 115500.
Ethereum retracement can be around: 4130 - 4090, with a target of 4200 - 4280.
