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 Analysis:

After Bitcoin surged the day before yesterday, it formed a short-term downward trend, with continued oscillation and decline. Currently, there is a pullback space of nearly a thousand points. After reaching the vicinity of 27,000, a small rebound occurred, and it is currently operating around 27,200. In yesterday's article, we also suggested a long position on the pullback, and the market trend has been quite cooperative, providing an entry position. Currently, looking at the four-hour chart, the Bollinger Bands are diverging upwards in a trumpet shape, and the candlesticks are operating within the upper channel of the Bollinger Bands. The MACD bullish energy column is running with a stepped volume. In terms of technical structure, the short-term has effectively suppressed the breakthrough position, thereby opening up space. The breakthrough volume after a long period of consolidation is still in line with expectations. The daily chart has broken through the middle track and stabilized. After consolidation in the short term, there is a strong bullish momentum, and all trends are clearly bullish. From the current trend perspective, the pullback is too weak, and it is only a matter of time before the bulls attack above 30,000. The bulls will continue to exert force in the future. The coin price has already stabilized above the middle track on the daily chart, and the V-shaped rebound is bound to be completed. The bullish momentum is also beginning to exert continuous force. The intraday strategy should continue to maintain the idea of buying on the pullback.

Trading Suggestions: (Published on: 2023.8.31 11:30)

BTC: Long position in the 27,200-26,800 range, target 27,800/28,300 (Reverse to short if not broken 28,300)

ETH: Long position in the 1,700-1,680 range, target 1,745/1,770 (Reverse to short if not broken 1,780)

(Coin friends who are not in the market can enter at the current price, with a bottom position not exceeding 5%)

Disclaimer:

The market changes rapidly, and the market fluctuates quickly. Personal opinions and suggestions are not real-time and are for reference only. For coin friends who do not have a position, wait for the right entry point. Those who are uncertain about grasping the entry point can follow the public account below to get real-time entry points based on the market conditions.

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