On August 22, the black "Friday" is approaching, and Powell is set to give a speech report. Is a storm about to arrive? Below is the market analysis and operational suggestions.

CN
3 hours ago

The fluctuations in the cryptocurrency market are like the waves in a turbulent sea, making people feel anxious. However, its charm lies in the fact that it never looks at your past report card. Stop saying "I'll enter the market when it stabilizes"; opportunities in the crypto world never lie in "stability." The real dividends always belong to those who dare to position themselves amid uncertainty. Market fluctuations are not risks; not understanding the trends is the biggest risk.

Currently, Bitcoin is priced around $112,900, having been oscillating between $112,000 and $114,500 in recent times. The key support level below is at $111,000, which has been tested multiple times recently without breaking. If it falls below this support, it may drop to $108,000.

From a technical perspective, the four-hour chart's candlestick has reached the middle band of the Bollinger Bands, with the KDJ starting to turn upwards and the MACD showing a low-level golden cross trend upwards. On the hourly chart, the KDJ is also in an upward turning state, with the MACD golden cross trending upwards, and the red bars are gradually increasing in volume, indicating a potential upward trend in the near future.

Long position operation range suggestion: Enter long in the $112,500-$113,000 range, targeting $114,500, with a stop-loss at $111,500.
Short position operation range suggestion: Enter short in the $114,500-$115,000 range, targeting $113,000, with a stop-loss at $115,500.

Ethereum has recently seen multiple downward adjustments, but it has not broken below $4,050, with $4,000 still appearing to be a strong support level. The resistance level above at $4,350 needs close attention; if an effective breakout occurs, it may trigger further upward movement.

Today's indicators show that the daily, four-hour, and hourly charts all have KDJ indicators in a bullish upward trend, with the four-hour and hourly MACD also in a low-level golden cross formation. The red bars' momentum is gradually increasing, indicating a potential upward trend in the short term.

Long position operation range suggestion: In the $4,200-$4,250 range, you can build positions in batches, with the first target at $4,370. If $4,370 breaks, the second target is above $4,400.

Due to the time-sensitive nature of price points, there may be delays in post reviews, so specific operations should be based on real-time market conditions. The above operation range analysis is for reference only; the cryptocurrency market is highly risky, so please manage your risk well and make cautious decisions when investing. If you are interested in specific indicator analysis or the impact of new market dynamics on prices, feel free to scan the QR code for the public account in the article below. You are welcome to visit.

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