8.28 Bitcoin and Ethereum Evening Market Analysis and Trading Suggestions

CN
2 hours ago

Evening Analysis: After a strong rebound at the entry point in the morning, the price of Bitcoin surged. In the afternoon, the bulls accelerated their volume and pushed the price up again, with the current market once again dominated by the bulls. The 4-hour chart shows three consecutive strong bullish candles, and the KDJ indicator on the 4-hour chart has converged to form a golden cross, while the MACD histogram indicates that bullish momentum is continuously strengthening. On the 1-hour chart, the price has rapidly increased with consecutive bullish candles, currently approaching the first resistance level of 113500 mentioned in the morning analysis. In the evening, continue to look for low points to enter long positions.

Ethereum is currently showing a relatively strong trend, with a stepwise increase on the 1-hour chart, and the moving averages are turning upwards. The price has quickly recovered lost ground with consecutive bullish candles, currently breaking into the resistance area of 4582-4675 mentioned in the morning analysis, entering the "phase of mid-term trend direction selection." This represents a watershed for the mid-term trend; if the resistance at 4675 is broken, the mid-term trend will change.

Evening operation suggestions continue to refer to the support and resistance in the morning strategy chart. The market is ever-changing, and strategies are for reference only; actual trading should be guided by real positions. Please invest cautiously and secure profits. (Follow Dan on WeChat: Ethereum Kai)

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