8.21 Zhiming Evening Analysis and Suggestions
From the ETH 4-hour chart, it is at the tail end of a rising volume. This kind of rising volume at the end of a wave pattern generally lacks sustainability and often leads to a choppy market with steps back and forth. There was a pullback yesterday, a quick surge in the early morning today, followed by a large bearish candle on the hourly chart for correction, which is a pullback from the local high point of 4400. Due to the large volatility base, the adjustment space is uncertain. For short-term operations in the evening, if it can hold the support level, one can go long at a low level; however, if it breaks the support, the strategy needs to be adjusted.
Zhiming's Suggestions
Bitcoin around 112500-112000, watch around 11800-114500
Yita around 4200-4160, watch around 4280-4320
