8.21 Market Analysis: Bitcoin Tests Key Support, Adjustment Structure Remains Unchanged

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3 hours ago

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  BTC: The daily level has tested the key support at 112500, and the price saw a significant rebound yesterday. This position is the previous starting point, so there is substantial buying support. On the 4H level, although it has broken the previous upward trend, it is also showing a trend of oscillating downward. The short-term key resistance level is around 115500-116000.

ETH: The rebound was stronger yesterday, with a bullish engulfing candle on the daily level. This position is still maintaining near the daily EMA 5-day moving average. In the short term, pay attention to the resistance area around 4400-4420.

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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