✨2024.8.8 Today's Analysis✨
📉 Market dynamics:
$BTC is still fluctuating around 56,000. As time goes by, the moving average gradually moves down, suppressing the price. The overall altcoin also rebounded to a relatively high point at the same time. This is the first bottoming rebound. The probability of subsequent fluctuations at the bottom is very high, so don't chase high and intervene, and wait patiently for the pattern to come out.
🔹 From a short-term perspective, the long volume has weakened at a small level, and it may gradually begin to fluctuate downward.
📍 Intraday resistance and support levels:
$BTC resistance: 56,000-58,000, support: 53,000/50,000
$ETH resistance: 2,600-2,700, support: 2,300-2,200
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