08.21————Bitcoin Ethereum Market Analysis
$BTC Major Consensus Support 112-111 Confirmed Effective, Will It Trigger a Reversal?
✅ If effective, let's first look at the rebound situation, the first resistance at the blue line position 114300, observe whether the 4-hour K-line can recover; if it recovers, it will trigger a significant rebound, with upper resistance at 115800-116800. Only if it recovers above 117000 can we consider a reversal; otherwise, it's just a rebound.
✅ Is the lower support 112888-111888 still usable? From my personal trading sense, if it can rise above 114300 today, then it can still be used; if it can't, it will continue 📉, and it cannot be used anymore.
✅ What if it goes down 📉? The daily line scalp is at 1107, and the 4-hour Vegas channel is also at 1107, got it?
$ETH Key level for the aunt is at 4380, I will only consider chasing after a breakout; otherwise, it is still operating in a downward channel, with the daily trend line support at 3958-3888 to see if there are any opportunities.
⚠️ Before sleeping, arrange any altcoin long position at the current price, waking up to earn some pocket money is still okay.