August 18 BTC/SOL/ETH Market Analysis: Let the Bullets Fly for a While

It has been a long time since I felt the Monday waterfall face wash; this morning, the big cake's waterfall directly hit the daily MA50 position. Now we will see if this position can provide support after the daily close. In the short term, the department head mentioned over the weekend that we can only make trades on the right side of the breakout and that we cannot completely grasp the pattern. Monday's market also once again tells us that we cannot fully grasp it; chasing the rise and fall on the right side is still a relatively safe operation.

For big cake $BTC , today's support is at 114,500. Now if you want to make a trade, either wait for a 1-hour bottom model or a 4-hour bottom model to go long, or wait for 114,500. The short-term pressure level is around 117,200, and once this position breaks, it returns to the original range, with the pressure level around 118,200.

For $SOL , the index is still relatively firm today. If you want to go long today, either wait for a 1-hour or 4-hour bottom model to find a position, or wait for the support level of 177.5 to take a shot from the left side. If the upper pressure level of 187 is stable, consider the possibility of a resistance-support switch, with pressure after going up at 190 and 194.

For $ETH , today’s approach is to wait for the pressure level of 4390 to stabilize before going long, or check the two support levels below at 4235 and 4160. After the pressure level of 4390 stabilizes, look up to the resistance levels of 4470 and 4540.

In summary, the methods used by the dog farm in these past few months have left retail investors unable to grasp the situation, and the entire market can only wildly rake in short-term gains. Since that’s the case, we don’t need to overthink it; just eat and run. (Bringing you the latest market analysis and precise entry points daily, long and short positions are only for reference for friends in B, with strict stop-loss and take-profit. Department head’s exclusive commission 20% off invitation code KEZHANG888) #加密市场回调 #ETH质押退出动态观察