August 7, Kuogu: The oscillation remains the same, with a focus on direction selection.

CN
2 years ago

Market Remains Volatile, Focus on Directional Choices

① 20:30 Speech by Federal Reserve Board Member Bauman

I. Bitcoin

  1. Daily Chart: After a pullback to the 25000 level, the price continued to rise. Pay attention to its future changes in form.

  1. 1-hour Chart: Short-term oscillation is maintained above the 28900 support level. If this support is not broken, there is still a trend for a rebound.

II. Ethereum

  1. Daily Chart: After testing the 1630 level, the price rose again. Pay attention to its future changes in form.

  1. 1-hour Chart: Short-term oscillation is maintained above the 1820 support level. If this support is not broken, there is still a trend for a rebound.

I. Bitcoin

  1. Yesterday's Viewpoint:

Summary: The price trend has once again fallen to near the 29000 support level. If this support is not broken, there is still a trend for a rebound. Pay attention to resistance levels at 30000 and 31400. If the trend breaks the support, it will continue to decline, with support levels at 28200 and 27400.

  1. Future Trend:

The future trend has slightly fallen back and maintained above the 28900 support level, reaching as high as the 29199 level.

II. Ethereum

  1. Yesterday's Viewpoint:

Summary: The price trend has once again fallen to near the 1820 support level. If this support is not broken, there is still a trend for a rebound. Pay attention to resistance levels at 1880 and 1930. If the trend breaks the support, it will continue to decline, with support levels at 1760 and 1640.

  1. Future Trend:

The future trend has retraced without breaking near the 1820 level and maintained above it, reaching as high as the 1845 level.

I. Bitcoin

Summary: The price trend is short-term oscillating above the 28900 support level. If this support is not broken, there is still a trend for a rebound. Pay attention to resistance levels at 30000 and 31400. If the trend breaks the support, it will continue to decline, with support levels at 28200 and 27400.

II. Ethereum

Summary: The price trend is short-term oscillating above the 1820 support level. If this support is not broken, there is still a trend for a rebound. Pay attention to resistance levels at 1880 and 1930. If the trend breaks the support, it will continue to decline, with support levels at 1760 and 1640.

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