Analysis of the long and short positions for BTC/SOL/ETH contracts on August 8: Are we topping out again?


Yesterday, there was another surge, and our long positions have also been maintained. Right now, we need to assess whether it can break through or if it will form a head again. If the current coin price remains in the range of 11.6-11.7, the market next week will likely tell us whether it will break through the previous high or if it will temporarily rise to 11.8 before starting to pull back.
Pay attention to the support levels of 115500 and 114800 for $BTC today. If 115500 does not break, it can rise again. Keep an eye on the resistance level of 118800 on the daily chart.
The support for $SOL today is at the levels of 169 and 166. The resistance above is at 177.4 and 181. It is not recommended to chase long positions for SOL now; it's better to wait for a pullback, as explained in the live broadcast.
$ETH Ethereum has been rising steadily, with strong momentum. Currently, as long as the support at 3803 holds, it can continue to push higher. If it breaks below, the support below is at 3690. The resistance above is at 4016 and 4080.
Others are greedy while I am fearful; we need to carefully analyze the range of the upcoming market and wait for the trend to reveal itself. If you can't grasp the market, then of course you should pay attention to the department head!
#BTC# #ETH#
BTC3.03%
SOL2.12%
ETH1.75%
IN-14.06%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)