Market Review and Analysis on August 21
Market Review:
Yesterday, the market showed an online pin-in trend, and BTC also showed an online pin-in negative line, which shows the weakness of the market. Although there was a slight rebound in the early morning, trying to repair the pin-in state, this rebound seemed relatively weak due to weak buying.
In the current market, the decline has become the mainstream, and it is difficult to repair the pin-in. The market shock shows that the situation is getting worse and worse, especially in the process of the big cake correction, the market performance is more sluggish.
It is expected that there may be a wave of market at the end of the month, but the trend of next month is not clear, and the current downward trend has been basically established.
Today's focus:
$BTC BTC market: You can pay attention to the integer mark of 60,000 US dollars during the day. Yesterday, there was an online pin-in after the high, but the 58,000 US dollar line still maintained support and was not broken. Pay attention to the support level of 58,000 US dollars in the short term. If it falls below, you need to pay attention to the range of 55,600-56,500 US dollars. The current market may not fall to the target at once, and we need to pay attention to the support level.
$ETH ETH market: Yesterday showed obvious weakness, and the support point was still around $2,500, but it was not touched. The current market is in a volatile trend, and we need to pay attention to whether the support level of $2,500 will be broken during the day. If it is broken, we need to pay attention to the key support level of $2,460.
If you want to know more about the relevant knowledge of the currency circle and first-hand cutting-edge information, click on the avatar to view the top of the homepage, professional investment research for twelve years, your 24-hour wealth appreciation expert, free guidance!
If this position is broken, it may further drop to the $2,200 line. The intraday resistance level is mainly concentrated in the $2,600-2,620 range.
