Technology is getting simpler, and the mindset is gradually becoming simpler too. Now is the time to be patient, to dare to pursue, to dare to stop loss, and to be profitable. 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:

Bitcoin and Ethereum have been consolidating for a week, oscillating within a range, and are currently at a lower support level, forming a bottoming pattern. Now we just need to wait for the range to open up.

Market Analysis:

From the chart, we can see that the market is still within the range of the hourly oscillation. In yesterday's midday market, it dropped to around 25850, oscillated slightly, and then stretched again. The highest point in the evening reached around 26240. The midnight market once again moved within a range of less than 200 points, showing that the market is still within the oscillation range without breaking through either the upper or lower bounds. On the four-hour chart, it is in a state of severe Bollinger Band contraction, with short-term bottoming around 25800. The 4-hour chart shows a bullish engulfing pattern, and there is likely to be a large range movement in the future. On the hourly chart, it has also reached the lower Bollinger Band, so there will definitely be a short-term rebound. We should continue to maintain the strategy of buying at low levels.

Trading Suggestions: (Published on: 2023.8.29 11:30)

BTC: Long at 25900-25700 range, target 26300/26600 (Reverse to short if not breaking 26800)

ETH: Long at 1635-1615 range, target 1660/1680 (Reverse to short if not breaking 1680)

Disclaimer:

The market changes rapidly, and individual opinions and suggestions are not real-time and are for reference only. If there are no positions, wait and see. Friends who are unsure about entry points can follow the official account below to get real-time entry points based on market conditions.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。