Analysis and Operation of BTC-ETH Market on August 24th

CN
2 years ago

Market Review:

Yesterday morning, after testing near 25200 for the second time, there was a rapid rebound and the market fluctuated until a slow decline in the evening. It then started to rise all the way, and even reached 26800 under pressure late at night. Currently, the market is running near 26400.

Market Analysis:

Looking at the four-hour chart of the technical structure, the Bollinger Bands show an open state, with the market under pressure at 26800. It failed to continue the upward trend, and although the bullish momentum is slowly increasing, it is not strong. The KDJ has turned downward, and attention can be paid to the pressure at 26800 during the day. If it cannot be broken, then the oscillation mindset should be maintained, and operations can be carried out with short positions at high levels and long positions at low levels.

Trading Suggestions:

BTC: Look to short near 26800 with a target near 26200. If broken, look to 25800 with a stop loss of 300 points.

BTC: Look to long near 26200 with a target near 26800. If broken, look to 27000 with a stop loss of 300 points.

ETH: Look to long near 1655 with a target near 1700. Hold if not broken, reverse position if broken, with a stop loss of 20 points.

The above suggestions are personal opinions and are for reference only.

Risk Warning and Disclaimer: The market is risky, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account the individual reader's specific investment objectives, financial situation, or needs. Readers should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Any investment based on this is at your own risk. (For friends who are still confused about operations, you might want to take a look at the strategies provided. Real-time guidance for 24 hours, as market fluctuations are fast. Due to the impact of timeliness during review, real-time layout is the main consideration for the subsequent market trends. Coin friends who need contract guidance can scan the QR code at the bottom of the article to add my public account.)

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