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
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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