The cryptocurrency world is full of opportunities and challenges. We need to maintain a clear mind at all times so that we are not influenced by short-term market fluctuations. It is inevitable to encounter some setbacks in the crypto space. We must understand that every difficulty we face is a stepping stone towards success. We should learn to view problems with a long-term perspective; without taking small steps, we cannot reach great distances. The road to success is destined to be winding and long!
Feiran's Cryptocurrency Analysis on August 21 (Written at 09:30) BTC Market Analysis and Trading Suggestions:
Yesterday, Bitcoin underwent multiple tests, completing a bottoming formation. Subsequently, the bulls began to fight back, and the price rose back above 114,000. From a daily perspective, Bitcoin shows signs of stabilizing and halting its decline. Although the rebound strength is not very strong, the technical chart shows signs of weakening. The impact of the bottom divergence on the 4-hour chart cannot be ignored. Technical adjustments are urgent. Technically, the MA5 moving average has crossed above the MA10 moving average, and the MACD indicator is expanding and adjusting upwards from an oversold state. Bitcoin has a strong willingness to rebound in the short term, with significant resistance at 116,000, leaving some room for movement. The morning strategy suggests buying on a pullback.
BTC Trading Suggestions:
It is recommended to buy on a pullback near 113,700-114,000, with a target of 115,000-115,500. If it breaks above, continue to look upward, with a stop loss at 113,200.
As the current leading altcoin, Ethereum's trend reflects changes more rapidly. The daily chart not only recovers all the losses from the day before yesterday but also drives the Bollinger Bands to turn upward. The 4-hour chart has strongly broken through the middle band of the Bollinger Bands, showing a very strong willingness to rebound. The morning strategy suggests buying on a pullback near 4,300.
ETH Trading Suggestions:
It is recommended to buy on a pullback near 4,280-4,310, with a target of 4,400-4,450. If it breaks above, continue to reduce positions and look upward, with a stop loss at 4,230.
The strategies in this article may have a delay and are for reference only. Please view them rationally, and you bear the risks of profits and losses!
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