8.7 Market Analysis: Bitcoin's minor structure is slightly retracing, altcoins are following a short-selling logic.

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7 hours ago

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BTC: The daily chart for Bitcoin is still oscillating around the EMA 5-day moving average. In the short-term structure, it is currently testing the key resistance area at 116,000, with a triple top resistance at this level on the hourly chart. Do not blindly chase the price at this position; there is a tendency for a pullback in the short term. Pay attention to the key support area below at 115,000-112,000.

ETH: It is slightly stronger, with minor resistance around 3,750-3,770. If it does not strongly break through this area, the price will likely move down for a pullback.

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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