August 21 Market Analysis, BTC and ETH rebound after the expected second probe, abnormal movements in altcoins can be laid out.

Market Review:

Yesterday's high for BTC: 114615, low 112380, fluctuation of 2235 points; yesterday's high for ETH: 4378, low 4060, fluctuation of 318 points; yesterday was Wednesday.

The 'second probe and then rush' market predicted yesterday has been realized. Both BTC and ETH started to rebound after reaching the target second probe position: BTC performed better than expected, not only reaching the anticipated level of 11260 (Note: it is inferred that '1126' is a typo for '11260'), but also dipping to 11240, creating a new low for the day before rebounding. As of now, it has broken through the first resistance level of 11450; ETH accurately touched the expected second probe level near 4100, then rebounded, peaking at 4377, slightly exceeding the resistance expectation of 4360. However, the current market has not yet fully stabilized and is temporarily in a rebound retest phase. In terms of altcoins, there are overall signs of abnormal movements, and current opportunities for entry can be considered. The core focus remains on LINK, ENA, and SOL, which can be closely tracked for their trend rhythm.

Today's Thursday highlights:

BTC

The current BTC market is showing relatively weak performance. Yesterday, it dipped to a new low before moving weakly towards a rebound. Today, the intraday level can first focus on the support range of 1128-1135. Currently, it has rebounded to the first resistance level based on yesterday's pullback and second probe, so today we will first observe the strength of the support if there is a retest. If the support holds strong and rebounds, we can directly look at the first resistance level of 115-116. After breaking through and stabilizing at 116, we can directly look at the resistance line around 1185, which is quite critical. If it stabilizes above, the market will return to the range of 120-122, moving in a fluctuating manner within a larger range. However, BTC is still in a weak performance phase, so we will first see if the first resistance line will challenge the 115-116 range.

ETH

The current ETH market has reached the upper level of 4360, but it has not stabilized at the four-hour level. The trend of ETH is obviously stronger than that of BTC. As long as it stabilizes in the 4350-4360 range, it can directly see the 4500-4600 range above. The intraday support points can focus on the 4200-4250 range, but due to the performance of BTC, it may not necessarily rebound at the support level, and it could directly surge above 4350 before reaching the 4450-4500 range. The key focus moving forward is whether it can stabilize at the 4600 point, which coincides with the resistance around 1180 for BTC. If it breaks through and stabilizes, the trend of ETH will directly rush to historical highs.

Altcoins

Recently, the MEME sector in altcoins has shown abnormal movements, which can be focused on. The SOL chain will also perform, so pay attention to these two sectors, as well as the previously mentioned currencies!

Core targets: LINK, ENA, SOL, continuing the previous tracking logic, with stronger certainty in trends.

Low position opportunities: JTO, WLD. Although they do not perform as well as the top three, their current price levels are in an extremely low range, close to the absolute bottom.