8.20 Afternoon Operation Viewpoint: The daily indicators are neutral, with a bearish tendency below the daily level, while above the daily level, it is in a corrective phase after a high-level overbought situation.

If the bulls continue to be weak, the weekly MACD will face the risk of a death cross. The larger indicators are relatively strong in certainty; once the death cross is confirmed, the market will either enter a long repair period or experience a violent downward trend.

Currently, Bitcoin has dropped to above 112500, and Ethereum has dropped to above 4050, both of which have reached strong support levels. The bearish momentum is gradually weakening, waiting for bullish momentum to exert itself. Buying on dips is a good choice, after all, such opportunities are not frequent.

You can place an order if it pulls back to around 113000, targeting sequentially at 114500, 115800, and 117000. $BTC