‼️ August 13th Market Analysis ‼️

1. US stock market trend:

Yesterday, the US stock market surged again with the news of the CPI, closing with a large bullish candle and a no-shadow bullish candle. Remaining bullish, there is still a likelihood of another surge today if there are no unexpected events.

2. #BTC:
Yesterday there was a spike, but the momentum was not enough. The rise of Long One and Long Two switched places. Will BTC see a rebound today? The support at 118675 on the 4-hour level is still effective.

Yesterday, there were no orders near 117700 in the short term. Today, will there be another attempt to rise at 118675, and will it create a new high?

3. #ETH:

Yesterday performed strongly, repeatedly emphasizing that shorting cannot be done here, yet some people were bold enough to open short positions near 4200, and are now deeply trapped.

The rapid surge without a given time window indicates a strong leading market trend. We are now starting to hold long-term positions using the moving average strategy. For those who do not have positions, do not panic; there will always be an opportunity to open positions near the 5-day moving average during pullbacks. Do not stop loss unless it breaks below the 22-day moving average.

4. The current key support level for the market #BTC:

1️⃣ Resistance above on the daily chart: around 125000-127000 (this level may change at any time), waiting time, looking for a short opportunity.

Buy orders can be placed near 118675 on the 21-hour level, with a take profit around 122000 for short-term contracts. Set a stop loss at 117500.

Note: Greed is something that human nature must overcome; the more greedy you are at the end, the easier it is to lose money.