8.11 Market Analysis: Bitcoin V-Shaped Reversal, Does Ethereum Have More Upside?

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1 day ago

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  BTC: Currently, the daily level shows a clear bullish arrangement, and the price has broken through the previous starting point of 118500. Overall, the trend is quite strong, and based on this trend, it is highly likely to break upwards. The minor support is around 117000; as long as it does not fall below this level on a pullback, it is likely to test the strong resistance area around 120000 later.

ETH: Currently, it is in a consolidation area after a three-wave upward movement, with minor support around 4160. If the daily line does not effectively break below this level, there will not be a significant pullback. The key resistance above is around 4400-4450, where there is a dense area for short liquidations.

For more explanations, please patiently watch the video. If you have any questions, you can follow the public account: Ding Junxian.

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