Technology is becoming simpler, and the mindset is gradually becoming simpler. Now is the time to wait, to dare to pursue, to dare to stop loss, and to make a profit. The process of implementing the rules of the currency market is also a process of convincing oneself, constantly persuading oneself to become better. The cultivation of human nature begins with stop-loss and take-profit. Willing to accept losses and confidently win. Making trades is a process of solving various psychological barriers brought by investment and reshaping one's behavior.

Market Review:

Yesterday, the early market of Bitcoin started to rebound after a slight retracement, and the market began to oscillate upward, reaching a high of 29700. However, it did not continue effectively and quickly fell back to oscillate downward. Currently, the market is effectively stabilizing around 29400. According to the observation of the hourly chart, after the bottom rally, the current trend has returned to a horizontal consolidation position.

Market Analysis:

The 4-hour chart is gradually breaking the box operation and is currently stabilizing around 29400. In the future market, the main force gradually became active last night, and the market sentiment began to fluctuate. As expected, it rose, although it has now retraced to the midline operation. It can also be seen that the recent trend has continuously probed the support level of 29000 without breaking through, and the repeated retracements and rises also indicate that the bears are in a weak state. From a technical perspective, looking at the four-hour chart, the Bollinger Bands are opening upwards, and there is still ample upward space. The candlesticks are also in the middle to upper rail area. Even if there is a retracement, it should stop at the midline and then continue to stretch. The MACD indicator shows that the two lines are above the zero axis, forming a golden cross trend, and the bullish energy column is continuously increasing. It is very obvious that the future trend will be mainly bullish.

Trading Suggestions: (Published on: 2023.8.15 11:40)

BTC: Long position in the 29100-29300 range, target 29700, break through to see 30000

ETH: Long position in the 1820-1840 range, target 1870, break through to see 1900

Disclaimer:

The market changes rapidly, and the market fluctuates quickly. Personal opinions and suggestions are not real-time and are for reference only. If there are no positions, wait in cash. For friends who are unsure about entry points, you can follow the official account below to get real-time entry points combined with the market situation.

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