8.14 Market Analysis: Bitcoin Hits New All-Time High, Watch for Breakthrough at 125,000

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丁君羡
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1 day ago

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BTC: The price of Bitcoin reached the 124,000 line this morning, once again setting a historic high. From a daily perspective, a large bullish candle with increased volume has formed, indicating that the short-term bulls are quite strong. It is not advisable to try to touch the top at this position; the probability of consolidating sideways and then pushing higher during the day is relatively large. Pay attention to the resistance area above at 125,000-126,000 and the support area below around 121,100.

ETH: Today's rebound is relatively weak, but it is only 100 points away from the historic high. After a short-term consolidation, it is likely to continue rebounding upwards. The small support area is between 4,580-4,600.

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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