8.20 Bitcoin and Ethereum market trend analysis and trading suggestions!

CN
允彦
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8 hours ago

Trading Philosophy: Look at the trend in the long term, find entry points in the short term;

Technical Analysis: For Bitcoin, the daily candlestick closed with a bearish candle around 112800, the Bollinger Bands are starting to open downwards, the MACD moving average continues to move downwards, bearish volume continues to increase, and the KDJ continues to move downwards. On the 4-hour chart, the Bollinger Bands continue to open downwards, the MACD moving average begins to flatten and move downwards, bearish volume starts to decrease, and the KDJ line begins to move upwards;

For Ethereum, the daily candlestick closed with a bearish candle around 4070, the Bollinger Bands continue to contract, the MACD moving average continues to move downwards, bearish volume continues to increase, and the KDJ line continues to move downwards. On the 4-hour chart, the Bollinger Bands continue to open downwards, the MACD moving average begins to flatten and move downwards, bearish volume starts to decrease, and the KDJ line begins to move upwards;

Currently, the market is oversold, and the short positions laid out yesterday have successfully taken profit again. It is recommended to go long at low levels!

Operation Suggestion: Go long at low levels!

Buy Bitcoin at 113000-113500, target 114500-115500, stop loss at 112000;

Buy Ethereum at 4160-4190, target 4250-4300, stop loss at 4120;

The strategy is time-sensitive, please refer to private real-time guidance for specifics!

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