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August 20: Good morning everyone, I have been away for learning recently, let me briefly talk about the market data here:
The recent pullback of Bitcoin and Ethereum is still within the expected range, and it is currently in a 4-hour level pullback process. In the short term, the support level for Bitcoin is around 112000 points, while for Ethereum, it is at the 4000 dollar mark.
Although the magnitude of this pullback is slightly larger than previously anticipated, it still falls within the normal range of market adjustments. For friends who have already made spot replenishments, just hold patiently.
From the current position, if a breakdown occurs in the future, it will likely be accompanied by a rebound. At that time, we only need to observe the strength of the rebound and make further judgments, without being overly anxious.