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8.2 Evening Thought Analysis
Pay attention to the 114000 level on the hourly chart for Bitcoin. If this level can stabilize and break through, the bulls are expected to become stronger, targeting the two levels around 115200-115800. In other words, if 114000 cannot hold, the rebound strength will appear weaker, and the overall trend is not optimistic.
At the 4-hour level, pay close attention to the position of 113200. If the closing price falls below this level, it indicates that the bulls are losing strength and a further pullback may occur, looking down to 112100-110500. If 112000 cannot be held, there is a possibility of a rapid decline in the short term, and the adjustment period may be extended.
For Ethereum, pay close attention to the 3520 level on an hourly basis. If this level holds, the bulls may become stronger, with further targets at the 3570 and 3610 levels. On a 4-hour basis, watch the 3475 level. If the closing price falls below this level, it indicates that the bulls are struggling, and the targets below may point towards the 3430-3370 levels.