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Good afternoon! Analysis of the intraday trend on August 14.
Bitcoin
Key support level to focus on is the 123040 point. If this level holds during a pullback, all timeframes will maintain a bullish trend, and it is expected to continue the upward momentum; the resistance levels above are the previous high of 124545 and the subsequent target price set by the market makers. On the contrary, if it breaks below 123040, the 1-hour timeframe will shift into a correction mode, with support levels referenced at the 122095-120860-119380 range.
Ethereum rose to around 4785 last night. Today, the key observation is the validity of the 4740 support: if it holds, the strong trend will be maintained, with resistance levels at 4784/4810/4845/4878; if it breaks below 4740, a correction will begin on the hourly level, with support to watch at the 4705-4660-4615 area.
SOL
Short-term pullback needs to closely monitor the key point of 205. If it remains stable, the bulls will dominate, and the upward targets will point to resistance zones of 209-212-215-218; if the 205 defense line is breached, the 1-hour level will turn bearish, with support levels successively at 202/200/197. #BTC再创新高#