Cryptocurrency News
August 29th Hot Topics:
- Bitcoin trading volume drops to the lowest level in over four years
- Foreign media: Wagner Group founder Prigozhin may hold nearly 100,000 BTC
- Wall Street Journal: Binance considers a complete exit from the Russian market
- US SEC submits a sealed motion against Binance
- DCG reaches a preliminary agreement with Genesis creditors, with creditors expected to recover 70%-90% of assets
Trading Insights
In fact, no matter what investment is made, the risk is very high, and digital currency is no exception. There are many things that need to be paid attention to.
- Basic knowledge must be learned, understand digital currency, understand the trading rules of digital currency, and how to trade?
- Master market information, the digital currency investment market requires attention to many news, understand the market news, and slowly learn to interpret the news. Independently analyze and judge the impact of the news on the price of digital currency.
- Analyze the technical aspects, learning to read the market is very important in trading. Exiting at the upper resistance level and entering at the lower support level can choose the best buying opportunity to enter.
- Trading mentality, trading mentality is very important in investment. Having a good trading mentality can be as stable as Mount Tai, not arrogant or impetuous. Personal emotions are also difficult to control.
- Reasonably arrange funds, set an investment plan for yourself, choose between long-term investment or short-term operations. Short-term operations require more time, while long-term investments look at long-term benefits.
Search for the public account: Big White Coin
BTC
Analysis
Bitcoin showed a downward trend in the white market yesterday, falling to the support rebound line at 25870, and being blocked at the resistance line at 26246. Currently, the price is running near 26024. The overall market situation on the four-hour level has not changed much, and it is in a short-term narrow range shock. The MACD is running without volume, and the two lines are sticking together. Multiple moving averages are sticking together. The long and short sides have not continued to fluctuate. The overall market situation is relatively weak. According to the usual trend, there is a high probability of further downward movement in the future. If given the opportunity, it can be entered into short positions in batches, with a target around 23500. The intraday strategy suggests focusing on short-term high short and low long operations, with upper pressure at 26300-26600 and lower support at 25800-25500.
ETH
Analysis
The recent trend of Ethereum has not changed much. Yesterday, it quickly rebounded after falling to the support line at 1623 and was blocked at the resistance line at 1663, currently running near 1646. On the four-hour level, the market broke through the previous box and formed a top-bottom conversion. It has failed to effectively break through the upper resistance several times, indicating a generally weak trend, but the short side does not have obvious volume. The MACD lines are oscillating and sticking together. It is unlikely to break through in the short term. Looking at the daily chart, the short side is gradually shrinking in volume, and there is a possibility of forming a golden cross. The short-term market is expected to have a long time for oscillation and repair, and it is expected to have a rebound, but the space will not be too large. The trend is still bearish, and the rebound is an opportunity. In the short term, it is advisable to treat high short and low long. The upper pressure is at 1670-1700, and the lower support is at 1620-1600.
Disclaimer: The above content is for personal opinions only and is for reference only! It does not constitute specific operational advice, nor does it bear legal responsibility. The market situation changes rapidly, and the article has a certain lag. If there is anything you don't understand, feel free to consult.
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