Market analysis on August 19, 2024

Bitcoin weekly

Pressure level around 61,500

Support level around 53,500

Bitcoin daily

Pressure level around 60,500

Support level around 57,000

Ether weekly

Pressure level around 2,750

Support level around 2,300

Ether daily

Pressure level around 2,680

Support level around 2,500

Ethereum weekly level rebounded to EMA5 daily and began to fall. This week, EMA5 daily is still its pressure level. You can short near 2,750. The trend is still a downward trend. Don’t be afraid even if it rebounds. Rebounds are opportunities to short. Wait for the release of the Democratic Party Convention on August 20 and the PCE data on the 30th. Let the bullet fly for a while...