Analysis and Strategy for Mainstream Cryptocurrencies on September 8th

CN
1 year ago

Investment has only one direction, not long, not short, only the right direction. I am Coin Brother from the West, a friend willing to accompany you to rise again. The long road to recovery, Coin Brother is with you! BTC Strategy Analysis:

From the current weekly K-line trend of BTC, the market has formed a doji K-line for three consecutive weeks, with last week's K-line showing an upward pin bar bearish K-line. The K-line is under pressure at the BOLL midline, and the KDJ indicator's J-line is running near the 0 axis with a slight turn. The MACD indicator's green solid kinetic energy column has been continuously shrinking. Currently, from the weekly K-line perspective, there are signs of bottoming above the 25,000 mark. Looking at the daily chart, the market fell back and touched the 24,581 level on August 17th, and has been oscillating in the 25,200-28,200 range. The market has not continued to break new lows within the past three weeks. The daily chart currently shows a trend of forming a W-shaped double bottom support. The daily chart focuses on the strong support near 25,200, and the upper pressure focuses on the 26,500-26,800 range. In summary: the continuous appearance of doji K-lines in the weekly K-line indicates a signal of bottoming out, and the daily chart has not broken new lows and has tested the support near 25,200 three times without breaking. There is a large amount of support in this area. It is recommended to focus on short positions with long positions as a supplement.

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