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8.1 midday BTC/ETH latest analysis
After the morning Bitcoin dropped to a low of 114259, it rebounded to oscillate in the 115500 range. From the 4-hour candlestick chart, the current price is at the lower Bollinger Band, which has certain support. If it breaks below the lower band, the support below looks at the previous low (114259.00); if it rebounds, the middle band (117619) is a short-term resistance level. The KDJ indicator has formed a death cross and is extending outward, while the MACD indicator is below the zero axis with a widening divergence, indicating a strong bearish atmosphere in the short term.
Short-term trading:
The big cake rebounded to touch the 116000 to 6500 area, looking towards 111800.
ETH is expected to see 3560 in the 3680-3720 range!