【2024.8.12 BTCETH Intraday Market Analysis】

A new week has begun, brothers. The weekly candlestick has closed, and last week's candlestick didn't look very good. Although the Lower Shadow was long, we still got dumped as the Upper Shadow, though short, proved to be quite strong resistance. The daily candlestick rebounded last week but could not break through. Be careful this week for a possible retest!

This week BTC Rebound resistance level: 60690-62700 support level: 55800-53500-49000

This week ETH Rebound resistance level: 2610-2720 support level: 2335-2115

Today's market analysis:

BTC's analysis of last night's market mentioned that if BTC does not reach 60690 and falls below 59500, the daily candlestick rebound will end. It fell to the first support level around 58340 in the morning and started sideways. Sorry, I got it right!

BTC is currently sideways at the hourly level. Pay attention to the rebound today, and watch out for the position at 58730. Only when it stands above this position, the hourly level will start to rebound upwards. Pay attention to the resistance levels at 59150-59630-60100 above. Only when it stands above 60100 at the 4-hour level, the rebound will start. There may be an opportunity for a short order near the resistance levels if it fails to rise above.

If today's Rebound does not go up, pay attention to the vicinity of 58080 below, which is also the previous low of the Long Wick Candle in the morning. If it falls below this level, it means that the rebound of this decline is very weak. Pay attention to the support levels near 56950-56000-54680 below!

Last night, if ETH failed to close above 2625 before 12 o'clock, this 4-hour Rebound would end and the market would turn bearish. It went all the way down at night and fell to the second support level I gave near 2505 in the morning, with a minimum of 2506 and an error of only 1u. Sorry for getting lucky and getting it right again!

ETH is currently sideways at the bottom on the 1-hour chart. Keep an eye on the 2555 level for a rebound today. Only when it is above this level, the 1-hour chart will start rebounding upwards. Pay attention to the resistance levels around 2576-2601-2640. Only when it is above 2601 on the 4-hour chart, the rebound will start. If it fails to go up near the resistance level, there may be an opportunity for short orders!

If today's Rebound does not go up, pay attention to the vicinity of 2505 below, which is also the morning low of the Long Wick Candle. If it falls below this position, it means that the rebound of this decline is very weak. Pay attention to the vicinity of the support levels at 2475-2428-2385 below!#BTC #GateioInto11 #ContentStar #比特币 #ETH