August 21st BTC/SOL/ETH Market Analysis: Open your mouth, the bottom is almost here.
Yesterday, Bitcoin quickly retreated through 112,300, then traded sideways for a while. However, the altcoin rebound was quite strong. We bought SOL at 176 and Ether at 4070 the day before yesterday, and we've made a good profit by holding on to them. Bitcoin's daily charts show it hasn't broken out of its losing streak, and a bottom will be formed soon. However, on the 4-hour chart, a second test is needed to complete the bottom pattern, so buying at support today remains highly cost-effective.
$BTC Bitcoin's short-term support today is 113,200. If this level remains intact, a rebound is possible. Further support levels of 112,600 and 111,900 are worth keeping an eye on. If the upper resistance level of 115,100 is broken, watch for a rebound to the resistance level of 116,300. The $SOL suozi has risen 12 points from our target of 176, which is very impressive. Today's short-term support is around 182, and if it doesn't fall below this level, it could rebound. Further support lies at 179 and 173. If the upper resistance level of 191 holds, watch for a continued surge to the resistance level of 198.
For $ETH Ether, watch for a rebound from the support area of 4184-4162 today. Lower support lies at 4120 and 4020. If the upper resistance level of 4430 holds, watch for a continued surge to the resistance level of 4520.
In summary, the bottom of the Bitcoin market is almost reached. Hold on a little longer; a rebound from here is worth anticipating. (We provide you with the latest market analysis and precise trading points every day. Long and short positions are for reference only. Strict stop-loss and take-profit are required. Section Chief's exclusive invitation code is KEZHANG888 for a 20% discount on handling fees.) #BNB创新高 #杰克逊霍尔会议