Zhou Yanling: 8.16 Today's Bitcoin BTC and Ethereum ETH Latest Market Trend Analysis

The big coin is currently stuck around 63,000, repeatedly dragging its feet. Basically, there was no fluctuation all day yesterday, Saturday, which really wore everyone out. The daily line still can't lift its head, with prices tightly pressed down by the moving averages. However, the momentum of the decline is slowly leaking away, and the MACD green bars are shrinking, but don’t mistakenly think this means a big rise is coming; the reversal signal hasn't even arrived yet. To show one's strength, it must firmly settle above 64,000. The 4-hour view indicates a breather after the decline, with both long and short sides trading back and forth, with neither side truly taking the initiative. 64,000 is a hurdle for the bulls, while 62,500 is the defense line; breaking through would create a rebound opportunity, while breaking down would continue to look for further downside space. The 1-hour chart is even more of a standard washout setup, moving back and forth, with indicators wildly jumping. Over the weekend, let's just see whether 63,600 or 62,500 moves out first.

Zhou Yanling 8.16 Big Coin:

1. Short at 63,600-63,000, stop loss above 64,200, target around 62,500, continue to look for a breakdown to around 61,900

2. Long at 62,500-62,900, stop loss below 61,900, target around 63,600

Zhou Yanling 8.16 Auntie:

1. Short at 1,900-1,880, stop loss above 1,930, target 1,850-1,830

2. Long at 1,830-1,850, stop loss below 1,800, target around 1,900

[The above market analysis is for casual reference only and does not constitute investment advice!]

The content of this article is exclusively and originally shared by senior analyst Zhou Yanling (Public Account: Zhou Yanling 8). The author has been engaged in financial market investment research for more than ten years and mainly analyzes and guides BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. The author has a solid theoretical foundation and practical experience, excels in combining technical and news-based operations, focuses on capital management and risk control, and has a stable and decisive operating style; the author's easygoing and responsible personality, along with sharp and decisive operations, are recognized by many investment friends.

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