#BTC In mid-August, the encryption currency market experienced significant fluctuations. BTC hit a historical high this week, reaching the 124500 level; ETH also approached its previous high, climbing to the 47800 region. Under the influence of CPI data and related factors, the market trends rose across the board.

In terms of trading strategy, there has been a continuous bullish signal, with BTC targeting 125,000 - 127,000 and ETH aiming for 4,500 - 4,800. In actual performance, BTC realized an 8,000 point increase, while ETH achieved a 600 point rise, with targets largely met. However, after the increase, the market experienced a pullback correction, and BTC faced resistance on its second upward attempt, so short-term attention should be paid to the downward trend.
From the weekly K-line trend, the overall pattern shows a wave-like upward movement, with each surge followed by a consolidation adjustment. Currently, the three-wave pattern has completed its release, and the short-term K-line displays two long upper shadow lines, indicating that the second attempt to break the high has not continued, with strong pressure above. If the second test yields no results, the risk of a pullback increases. On the daily level, although there has been a short-term surge, it has not effectively stabilized at the integer level, and it is expected to temporarily return to a box structure. If it breaks through 120,000 but cannot maintain the upward momentum, it may revert to a lower level. Initially, attention should be paid to the support at 112,000, and if that level is broken, further declines may follow. In sync with Bitcoin, Ethereum is approaching its previous high point. Considering the overall market rhythm, the technical logic is similar to BTC, with the need for adjustments following surges, and key positions should be monitored for their implications on future trends.
BTC 118300-117800 oscillates, target focus on 119000
Auntie 4540-4500, target focus 4600#美7月PPI年率高于预期 #以太坊ETF突破300亿美元 #Gate Alpha巅峰交易赛 #BTC