Market Analysis for BTC/SOL/ETH on 8.4:

A new week has begun. Last week, there was a decline for 4 consecutive days, with an overall drop of about 5%, which discouraged most bulls. The expectation for the market was actually mentioned multiple times in previous live streams, which is that after breaking below the EMA15, it would find support at MA50 and rise again. Currently, it is also rebounding after finding support at MA50 on the daily chart.

$BTC is focusing on the position of 113700 today. Will it break down in the next hour? If it breaks, support can be found at 113000 and 112200. The resistance above for rebound is at 116200 and 117300, which are the daily resistance levels.
$SOL support levels are at 159 and 156. The resistance level above is at 166; it needs to stabilize above 166 with at least a 1-hour candle closing above it for a strong rebound to see the levels of 172 and 176.
$ETH support today is at 3430 and 3370, while the resistance level above is 3615. A 1-hour candle needs to close above this level for us to see a rebound to 3675 and 3766.

In summary, the daily line found support at MA50 and formed a daily level bottom model, which aligns with our theory, so we need to look for a long position. We shouldn't be scared away by the market; a rebound here is necessary for forming another pattern. Whether it will form a shoulder or a head, no one knows, and we need to continue waiting and observing. #BTC#