8.12 Bitcoin and Ethereum market trend analysis and trading suggestions!

CN
允彦
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3 hours ago

Trading Philosophy: Look at the trend in the long term, find entry points in the short term;

Technical Analysis: For Bitcoin, the daily chart shows a bearish pin bar around 118600, the Bollinger Bands continue to run flat, the MACD moving averages are starting to rise, bullish volume continues to increase, and the KDJ is beginning to move upward. On the 4-hour chart, the Bollinger Bands are starting to narrow upward, the MACD moving averages are starting to decline, bearish volume is beginning to increase, and the KDJ line is moving downward;

For Ethereum, the daily chart shows a doji bearish candle around 4220, the Bollinger Bands continue to open upward, the MACD moving averages continue to rise, bullish volume continues to increase, and the KDJ line is starting to move upward. On the 4-hour chart, the Bollinger Bands continue to narrow upward, the MACD moving averages continue to decline, bearish volume continues to increase, and the KDJ line is starting to move upward;

Currently, this wave of market has strongly risen after testing support, Bitcoin has retested the previous high and pulled back, Ethereum has also retested and closed bearish, indicating signs of a pullback after the second test in the short term. It is recommended to aggressively try to short!

Trading Advice: Aggressively try to short!

Short Bitcoin at 119500-120000, target 118500-117500, stop loss at 121000;

Short Ethereum at 4320-4360, target 4250-4200, stop loss at 4400;

The strategy is time-sensitive, please refer to private real-time guidance for specifics!

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