$BTC 8.27 Thursday morning Bitcoin and Ethereum latest market real-time analysis and operation suggestions:

The overall market showed a fluctuating correction trend in the early hours of the morning. Bitcoin was under pressure and fell back after touching the 112567 line resistance level, eventually exploring near 110866 and gaining effective support; Ethereum was synchronously under pressure, falling from a high of 4650, and bottoming out near 4482 before stabilizing. On Wednesday, Qianyu gave accurate high-altitude and low-multiple ideas during the day and early morning, and laid out two long orders and three short orders on Bitcoin to take 4900 points of space, and Ethereum synchronously laid out with Bitcoin to take 250 points of space!

From the current market perspective, it rebounded after touching the 112567 line resistance at midnight. This price is the stage high of the recent rebound market and the upper edge of the previous shock range, which has a significant short-term suppression effect; the support near 110866 below is effective. This position basically coincides with the 5-day moving average and is the retracement confirmation point after last week's breakthrough. If it can continue to hold, the short-term oscillating upward trend may continue. Although there was a fall, there was no panic signal of "volume decline", indicating that the selling pressure is relatively limited; the MACD indicator maintains a golden cross shape above the zero axis, but the height of the red column is slightly shortened, indicating that the short-term upward momentum has weakened, and we need to be wary of the risk of indicator top divergence. Pay attention to the breakthrough of the 112567 resistance level above. After standing firm, it can be seen to the 114000-114500 range; if the 110866 support is broken below, it may further fall to the 109000-109500 range.

Thursday morning thoughts:

Go long on Bitcoin near 110800-111000, targeting 113000.

Go long on Ethereum near 4460, targeting 4660.