Mu Feng looks at the trend: Analysis of Bitcoin/Ethereum market on the evening of August 28 with operational suggestions.

CN
7 hours ago

A few days ago, the article analysis reminded everyone to watch for a rebound correction market. In the past two days, the coin price has indeed fluctuated upward as expected. Our strategy of buying on the pullback has successfully reached its target, as can be seen in the previous analysis.

Returning to the current market, the daily KDJ and MACD indicators are still slightly declining overall today, but the downward momentum has weakened compared to yesterday. The BOLL indicators show that the middle and lower bands are continuously moving upward, indicating that the trend indicators are still quite strong.

At the 12-hour level, the KDJ and MACD are currently in a flat oscillation phase, while the BOLL indicators continue to push upward. The early eight-hour K has risen above the five-day moving average. Overall, the various trend indicators are still quite strong. I personally expect that the coin price will generally trend toward a fluctuating upward movement in the future. In terms of operations, it is recommended to treat it with a buy-on-pullback strategy. Specific points of reference can be:

BTC: Buy around 112000-111500, target 114000

ETH: Buy around 4500-4470, target 4600

The above is my personal evening operation suggestion. The market is changing rapidly, and the article has a certain lag. Specific operations should be based on real-time guidance. If you have any questions, feel free to consult.

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