8.22 Early Morning Suggestions
114000 forms strong resistance on the first line, and three attempts to break through during the day were quickly pushed back. The four-hour level shows a bullish volume contraction trend, and the KDJ indicator has formed a death cross, indicating clear short-term pressure.
In terms of operations, attention can be paid to the support level at 111500 below, and it is still recommended to place orders in this area; if this position is effectively broken, then a shift to a bearish outlook is necessary. Special attention should be paid to setting stop-losses, and one must avoid blindly resisting.
Bitcoin rebounds to 111500, around 112200, looking towards 114000, and if it breaks through, further targets are 115500.
Ethereum rebounds to 4170, around 4220, looking towards 4350, and if it breaks through, further targets are 4450.
