Article editing time September 5, 2023, 09:53, all views do not constitute any investment advice! For learning and communication only.

A friend is not valued for being numerous, but for accompanying you through thick and thin; the significance of a relationship is not in its duration, but in the willingness to help when needed. True righteousness means: as long as you need it, and I have it; as long as you require it, and I can provide it. Deep affection is not about sweet words when things are going well, but about extending a helping hand in critical moments. Warmth upon arrival does not necessarily indicate sincere waiting, but consistent companionship until the end. A good fate will not lose to time, and a good friend will not leave once they arrive.

Market Review:

Yesterday was another uneventful day, and any breakthrough at the moment is just a flash in the pan. I believe that many coin friends have been chasing after one-way trends in the recent market. The wise have also reminded multiple times that in the current market, one should not chase after one-way trends. Yesterday, we suggested going long in the article, and there was also a small profit in the evening. The market for Bitcoin and Ethereum is continuously recovering after the previous high and subsequent pullback. In the early hours of yesterday, it fell back to the 25631 level and experienced a brief rebound. Currently, the coin price is running near the 25700 level. The current trend can be confirmed as a oscillating trend, and this rhythm only requires maintaining a range-based operating mindset to participate. Let's take a look at today's market trend.

Market Analysis:

Looking at the four-hour chart, after the Bollinger Bands contracted, the upper, middle, and lower bands are running parallel. Currently, there hasn't been much change in the long and short positions, and the market has been in a state of oscillation and recovery, slowly probing downwards from the upper band to the lower band, in a stage of gathering momentum. The candlestick is positioned above the lower band, but despite the morning breakthrough, the shadow line fell below the lower band, and the dogged manipulator still has washing and emptying actions in the oscillation. The KDJ trend is relatively weak, and the RSI trend has not shown any significant changes. The MACD is running with a shrinking volume in the bullish direction. Currently, the short-term support is seen at 25500-25300, and the short-term resistance is seen at 26300-26500. It is expected that the market will mainly oscillate during the day session, so the main strategy is to go long with a secondary focus on short positions! The current coin price is stabilizing near 25700. (For friends who are still confused about trading, you might as well take a look at the strategies of the wise, with 24-hour real-time guidance. Due to the rapid market fluctuations, the real-time layout is the main focus for subsequent market trends. Coin friends who need contract guidance can scan the QR code at the bottom of the article to add my public account.)

Trading Suggestions:

BTC:

If 25500-25300 is not broken, go long and target 2600-26300 (reverse to short if not broken)

ETH:

If 1600-1580 is not broken, go long and target 1640-1660 (reverse to short if not broken)

Disclaimer

The market changes in an instant, and the market fluctuates rapidly. The entire article is based solely on personal speculation and does not have any reference value. Investment carries risks, so entering the market should be done cautiously with a light position. I wish everyone abundant wealth! The article needs to be reviewed and has a certain lag. If there is anything you don't understand, feel free to ask.

The above content is created solely by the public account of the wise. The advertisements at the end of the article and in the comments section have no relation to the wise.

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