8.26
BTC
The support level of 109100 mentioned yesterday has been reached. Currently, this position is gradually weakening, and the important defensive level of 112300 has been breached. For the coming days, 112300 will be a very important resistance. At present, the larger trend has not reached its position, as the weekly level is about to undergo a significant adjustment. Therefore, the overall strategy for the day is to avoid breaching the 109000 level; it will oscillate around 109000 to 112300. However, it still appears to be oscillating and trending downwards.
ETH
Although Ethereum has seen a sharp rise in recent days, I have continuously reminded everyone of the risks, including warnings in the public square. Ethereum is also forming a significant divergence at the daily level as we expected, so the time for its correction will be prolonged. The overall strategy for the day will see a small rebound, but we need to pay attention to the strength of the rebound. The resistance above is 4472; as long as this level is not firmly broken, it will continue to trend downward, with downward space around 4080-4180 and resistance at 4472-4566.
