8/6 BTC midday outlook



The BTC daily chart shows that the market is in a typical range oscillation pattern, with a support level at 111200 and a resistance level at 118350. The technical indicators suggest a weak trend in the market, with moving averages in a bearish arrangement. However, a bullish engulfing pattern has recently appeared, indicating a potential reversal possibility. Afternoon trading advice suggests focusing on long positions at lower levels.

Operation Suggestions:

Between 113000 and 113200, target 114500-115500, defend at 112700

ETH: 3530-3560 long, target 3670-3770, defend 3500

(The market changes rapidly, for reference only, based on the stone plate as the main criterion)
BTC1.48%
ETH0.25%
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