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Zhu sir 8.16 morning BTC ETH silk exposure
Today, attention should be paid to the effectiveness of defending the second low point for BTC, while the breakout point constitutes key support. It is expected that there is a high probability of continuing to oscillate upwards during the day, accompanied by a consolidation pullback to build momentum.
Yesterday, it rebounded and stabilized above 11600, waiting for the price to break through the previous high to continue the upward trend. Looking at the four-hour chart, 11650 serves as a support level, forming a fluctuating upward channel structure. The technical pattern continues to show a bullish outlook.
BTC trading advice: You can operate in the range of 11700 - 11730, with a target of 11850.
ETH trading suggestion: You can operate in the range of 4370 - 4400, with a target of 4500.
BTC defends below 11650, ETH defends below 4370.
Key reminder: The real market has stabilized at a low level, forming support. Do not short when bearish, wait for stabilization below to go long!