8.19 Afternoon Thoughts



After a pullback during the day, the support level at 1149230 below is extremely solid, and the price of the cryptocurrency quickly stopped falling and stabilized, showing strong buying power at low levels. Observing from the four-hour level, after previously rising to 124540, it entered a period of adjustment. After this drop to the key support level, there is a tendency for stabilization and rebound. In the MACD indicator, the expansion speed of the green bars has slowed down, and the bearish momentum is weakening marginally.
Operational approach:
BTC: around 113850 - 114650, target 116500
ETH: around 4170 - 4260, target 4380
BTC-1.67%
ETH-2.81%
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