The fluctuations in the cryptocurrency market are like the waves in a turbulent sea, making people feel anxious. However, its charm lies in the fact that it never looks at your past report card. Stop saying "I'll enter the market when it stabilizes"; opportunities in the crypto world never lie in "stability." The real dividends always belong to those who dare to position themselves amid uncertainty. Market volatility is not a risk; not understanding the trend is the biggest risk.
Bitcoin is currently in a volatile phase between key resistance and support levels. Yesterday (September 5), it surged to $113,384 before plummeting by $3,000, and it is currently fluctuating around $110,500.
From a technical perspective, the daily chart shows a candlestick pattern with a long upper shadow, indicating heavy selling pressure above, with a large amount of long positions trapped, and bearish forces are relatively strong.
Bullish strategy: Consider entering a light long position around $110,500, with a stop loss set below $110,000, targeting $111,600.
Ethereum has recently experienced significant volatility, retreating from a high of $4,490 to $4,256, and is currently consolidating around $4,300. Despite news of substantial accumulation by institutions (reportedly, a whale purchased 820,000 ETH in two weeks), the price has not effectively broken through the key resistance at $4,500.
From a technical standpoint, the price is operating below the EMA7, with short-term moving averages in a bearish arrangement. The MACD on the 2-hour chart shows a bearish advantage, while the daily chart appears slightly bullish but needs confirmation of a breakout. The RSI is around 52, leaning bullish but not overheated.
Suggested trading range for Ethereum: Consider entering a light long position around $4,250-$4,260, with a stop loss set below $4,200, targeting $4,400-$4,600.
Due to the time-sensitive nature of price levels, there may be delays in post reviews; specific operations should be based on real-time market conditions. The above trading range analysis is for reference only. The cryptocurrency market is highly risky, so please manage your risk well and make cautious decisions when investing. If you are interested in specific indicator analysis or the impact of new market dynamics on prices, feel free to follow the public account of the article for updates.
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