8.18 Guan Yan afternoon thoughts:



The market closed, with Bitcoin dropping in the morning to around the 115,000 level, followed by slight fluctuations and adjustments. Ethereum mirrored Bitcoin's trend, dipping to a low of 4,228. The decline did not continue to expand, forming a new watershed at the 11,500 support level. After solidifying a short-term bottom, it may attempt to rise again. The smaller time frame patterns indicate alternating corrections between bulls and bears, and the KDJ indicator will form a golden cross. After a pullback or conclusion, there may be a rebound, and the operational suggestion is to buy on the pullback.

Bitcoin 114500-115000 range, target 117500, 120000
Ethereum around 4220, target 4350, 4500
BTC0.85%
ETH4.63%
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