Today is August 18, a lucky day, Bitcoin (BTC) touches the 60,000 mark. If the daily line closes smoothly, there may be a turnaround next week. Will your mood soar, brothers?
On the journey of Binance's excellent creators, I continue to sit firmly on the sixth throne, and this honor is inseparable from the strong support of every old iron. Remember to vote once a day, your help is my motivation to move forward, and the quick voting channel is ready 👉 Click to reach 👈.
[Today's market in-depth analysis]:
For BTC, as mentioned last night, 59200 has become a solid defense line. After briefly touching 59122, it quickly rebounded and broke through the first pressure level in one fell swoop. At present, from 1 hour to 4 hours, the chart shows an upward trend, and the daily rebound signal is clear. If the offensive continues today, the upper target is directly pointed to the 60530-61640-62700 range, so stay tuned.
On the contrary, if it encounters resistance and falls back, it is necessary to closely monitor the 59200 support level. As long as the 4-hour chart remains above this level, the upward trend is expected to continue; once it is lost, it may trigger a 4-hour level pullback, and the support area below focuses on 58700-58160-57510.
ETH also staged a thrilling scene. Although the 2600 mark was full of dangers (the lowest was 2598), it immediately fought back strongly and broke through the first pressure level. At present, ETH has shown an upward trend in multiple time frames, and the daily rebound momentum is strong. If it continues to rise today, the upper target is locked around 2630-2660-2681.
If the upward momentum is insufficient, be sure to pay attention to the key support of 2600 during the pullback. As long as the 4-hour chart does not fall below this level, the upward trend can still be expected; otherwise, you need to be wary of the risk of a 4-hour level pullback, and the support points below are 2585, 2567 and 2542.
