Article editing time August 9, 2023, 11:55 AM, all opinions do not constitute any investment advice! For learning and communication only.
Bitcoin hit a high near 30240 and a low near 29150 yesterday. Bitcoin saw a surge last night, reaching a peak near 30244 before starting to fall back, and did not effectively break through the 30000 mark. There have been numerous instances of piercing both up and down recently, indicating that the main force is constantly washing out funds. With the market lacking liquidity, the washing out of funds will continue. Currently, Bitcoin is in a downtrend, showing some short-term strength. Pay attention to preventing another attack on the 30000 mark.
On the daily chart, a bullish candle was formed yesterday, with the Bollinger Bands running parallel and being suppressed by the upper band at 30000. The MACD volume remains weak, and the 4-hour chart shows an open mouth, with the candle running along the upper band of the Bollinger Bands. In terms of operation, it is suggested to go long with a light position near 28700 on a pullback, with a target of 29300-29800. A light short position can be taken near 30100, with a target of 29500-28800, and a stop loss of 350 points for each. The market is ever-changing, so specific operations should be based on real-time strategies.
Ethereum hit a high near 1876 and a low near 1826 yesterday. Ethereum saw a downward spike in the early hours of yesterday, touching 1802 before rebounding, and did not effectively break below 1820. After a spike upward in the early hours of today, it fell back without effectively breaking the downtrend line, still in a state of convergence. Patience is needed to wait for the market to choose a direction.
On the daily chart, a bullish candle was formed yesterday, with the Bollinger Bands pointing downward and being supported by the lower band at 1820. The MACD shows shrinking volume and an upward trend, and the 4-hour chart shows an open mouth in the Bollinger Bands, with the candle running along the upper band. In terms of operation, it is suggested to go long with a light position near 1820 on a pullback, with a target of 1850-1860. A light short position can be taken near 1870, with a target of 1830-1800, and a stop loss of 25 points for each. The market is ever-changing, so specific operations should be based on real-time strategies.
Disclaimer: The above content is for personal opinions only, and the strategy is for reference only and should not be used as a basis for investment. Follow at your own risk.
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