Crypto Circle Academician: On August 21, Bitcoin is "seeking opportunities amidst the decline"! Can the 115,000 pressure zone be broken? Ethereum is staging a "dark horse miracle"! Bears may soon "wail in despair"!

CN
10 hours ago

The essence of trading is survival, followed by profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the crypto circle scholars may not make you rich overnight, they can help you stay in the game. Only those who survive in the crypto space for the long term and persist until the end can achieve the results they desire. I hope you understand.

Don't forget, the darkest moments are often just before dawn. On the road to pursuing dreams, you are never alone; you have me.

I am a warrior in the crypto circle, always protecting the retail investors. I wish my fans financial freedom by 2025. Let's work hard together!

Crypto Circle Scholar: Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 114,000. It is now 1:30 AM Beijing time. The highest point before this report was 114,330. The market has reached a mid-line support level. Friends with more than 3,000 in the south can consider locking in some profits. The remaining opportunities are just icing on the cake. While holding short positions, you can also open a long position near 112,000. The daily K-line has pulled back to the EMA60 resistance level, with the lowest point reaching 112,380, which did not hit the Bollinger Band lower support at 111,200 before rebounding. There’s no need to rush; just wait. The four-hour K-line is currently continuing a short-term downward channel, and the EMA trend indicator is expanding downwards after just completing an alternation. A pullback in the K-line is normal. Pay attention to the upper resistance level of 115,500 and the short-term resistance volume in the range of 114,500, along with the Bollinger Band middle track resistance at 115,000. If the short-term middle track does not break, the trend remains bearish; if it breaks, then consider a short-term bullish trend.

Short-term reference: Small losses and big gains are the goal.

For the southbound move from 112,000 to 111,500, defend at 111,000, with a stop loss of 500 points. The target is 113,000 to 113,500, and if broken, look at 114,000 to 114,500.

For the southbound move from 114,500 to 115,000, defend at 115,500, with a stop loss of 500 points. The target is 113,500 to 113,000, and if broken, look at 112,500 to 112,000.

Crypto Circle Scholar: Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 4,320. It is now 1:30 AM Beijing time. The highest point of the Ethereum daily K-line is 4,328. You can see that the main force directly retested the Fibonacci 0.786 support line and then shot up. From 4,060, it broke through 4,300, forming a one-sided trend that reversed yesterday's bearish momentum. The daily K-line has virtually broken the middle track and pulled back upwards, reaching the upper resistance level. The four-hour K-line resistance is more apparent, pulling back to the rising trend line support and reaching the EMA trend indicator top resistance at 4,310. Therefore, it is not ruled out that if the rising trend support does not break, the bulls may come back again. Thus, the long position at 4,060 is valid. In the short term, after locking in some profits at 4,300, continue to hold the rest.

Short-term reference: Always set a stop loss; safety first.

For the southbound trial point from 4,300 to 4,350, defend at 4,400, with a stop loss of 50 points. The target is 4,250 to 4,200, and if broken, look at 4,150 to 4,100.

For the northbound trial point from 4,100 to 4,050, defend at 4,000, with a stop loss of 50 points. The target is 4,150 to 4,200, and if broken, look at 4,250 to 4,300.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication; the suggestions are for reference only, and risks are borne by the reader.

This article is exclusively contributed by the Crypto Circle Scholar and represents the scholar's unique viewpoint. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond to it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop losses and take profits for each trade. The Crypto Circle Scholar wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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