🌳Market insights for noon on August 21.🌳
$BTC Insights:
The large coin has broken through with volume, closing above the hourly level of 114789; look for long positions on the right side, with a stop loss if broken.
If 113896 breaks down with volume and cannot recover, look for short positions on the right side, with a stop loss if recovered; pay attention to changes in volume and manage your stop loss well.
If 113206 shows a false breakdown and recovers, add one more position; the stop loss is at the low of the false breakdown or if it breaks 112522; don’t add more if it cannot recover.
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The large coin has broken through and stabilized at 114732; look upwards to 115630-116751; if it stabilizes at 114732, it will take off.
When shorting the large coin, be cautious of a 2B false breakout at 115671; take a light position to short one unit, with a stop loss if it stabilizes above 116728.
Conservative players wait: buy at 112290, with a stop loss if it breaks 110880.
The large coin's hourly wedge has been broken; it is currently retesting the upper boundary of the wedge. If the upper boundary holds, it will continue to challenge the resistance level at 114767. The large coin can also return to the inside of the wedge for consolidation; as long as it does not break the wedge and there is no new low, the resistance at 114767 will definitely be broken.
If the large coin's hourly level intends to form a double bottom, it absolutely cannot break below the low of 112301; if it does break 112301, the double bottom pattern will fail, leading to new lows. As long as the closing price does not settle below 112301, this is the recent low point.
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Upper resistance: 114733-115630-116751
Lower support: 113537-112562-111385
If the 4-hour level breaks below 113048, look down to 111967-111385; if it does not break 113048, there is no need to look down.
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$ETH Thoughts:
For the second coin, if it breaks through 4326 with volume, look for long positions on the right side, with a stop loss if recovered.
If 4282 breaks down with volume, look for short positions on the right side; manage your stop loss well.
If it retests 4235 to confirm valid support, add one more position; stop loss at 4192.
The second coin has stabilized at 4344; look upwards to 4378-4417.
Pay attention to the second coin at 4427 for a short position; stop loss at 4461.
Left-side order: buy at 4166, with a stop loss if it breaks 4131.
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Upper resistance: 4344-4378-4417
Lower support: 4257-4200-4160
If the 4-hour level breaks below 4255, look down to 4193-4150.
Talking through the chart: For the second coin, note the bearish butterfly pattern's D point around 4561 on the hourly chart; if it reaches here, it is your best position for a left-side short and also the take profit point for bottom long positions.
For left-side tops, take light positions; if it breaks, run, and dismiss the meeting.