8.6BTC/ETH market view:

Bitcoin's daily candlestick chart continues to be pressured below the BBI, with all three bands opening downward. The MACD bears continue to expand, while the KDJ and RSI are both fluctuating downward. On the 4-hour level, the rebound is pressured by the middle band, leading to a pullback. Both the upper and middle bands are opening downward. The hourly chart is currently under pressure from the middle band, and the overall market remains weak, with the pullback not yet in place. The intraday strategy remains primarily focused on short positions.

Pay attention to the resistance at 114000, 115000, and 116000 above. As long as the market does not stabilize above 116000, treat it with a high short strategy. For the downside, focus on the targets at 113000, 112000, and 111000. The key to this pullback is whether the 110000 level can hold! On Monday, it was mentioned that there is still a large gap on the monthly line waiting to be repaired. Currently, the support at the weekly K-level has not been effectively broken.

Ethereum's current price has fallen below the midline of the daily K-line. On the 4-hour level, it is testing the midline support, and the hourly chart is under pressure from the midline resistance. The main strategy for the day is still to short, with resistance levels to watch at 3600, 3680, and 3730. Positions should be planned around these levels for shorting, while the target levels below are 3550, 3450, and 3350. #Gate ETH 挖矿年化收益 5%