BTC and Cryptocurrency Market Update: Is August Fireworks Coming?
#BTC Monthly close is approaching, and the atmosphere is exciting! The price movement has been cooling down within a narrow range of 116K-120K, forming a wedge pattern and a head and shoulders bottom. We are hovering on the edge of a trend line breakout—feeling like a big move is brewing!
#BTC Analysis:
Stuck in the 116K-120K consolidation zone, the wedge is screaming for a breakout.
Head and shoulders bottom formation, with the neckline close to the current level—a breakout may be imminent!
Key levels: Resistance at 120K, support at 117K. Play the buy low, sell high range until the next big direction appears.
#ETH Outlook:
ETH is strong at ~3850, with buy and sell pressure stable.
Target: 3900/4000 resistance in sight. Support at 3750, 3710-3745 is the main buy-low area.
The trend remains bullish—higher lows, ready to charge towards 4200!
Altcoins:
Altcoins have been hit by the drop of BTC/ETH but are showing 1-2 hour rebound signals.
Short-term fluctuations and recoveries are expected—keep a close eye on oversold gems, looking for potential upward movements!
Game Plan:
$BTC : Watch for breakouts or false breakouts at the 120K resistance or 117K support.
$ETH : Hold above 3750, target 3900-4000. Add if it drops to 3710-3745!
August is approaching—traders, stay sharp! What’s your next move?
