Crypto Zhongliang: 9.8BTC/ETH Market Opinion

CN
2 hours ago

On Monday, Labor Day in the United States, the US stock market is closed, with a narrow range of fluctuations and high-level consolidation. Those who entered BTC at 79000-78500 and ETH at 2470-2450 should continue to hold. The strategy for the day is still primarily to buy on dips; for small corrections, we can only do short trades. Only by deeply embedding positions can we reap significant profits.

The daily candlestick yesterday closed with a shooting star bearish candle, and the upper band continues to trend downward. KDJ is turning down, RSI is flattening and slowing, and MACD is continuously increasing bearish volume. The awkward point remains that while indicators have a demand for a pullback, the price is still stalling; the divergence between bulls and bears is quite significant. For the day, we should first pay attention to the daily candlestick mid-band support around 78500, consistent with yesterday's strategy; if short-term long positions break below 78000, we should not hold and temporarily avoid the retreat. We will wait to enter low long positions at the lower range of 76000-75000. Currently, the upper resistance still focuses on the 80000 level, followed by 81000 and 82000.

The price of ETH is also oscillating around the 2500 mark, with the range between 2550-2350 being maintained for a long time. For short-term longs, 2470-2450 serves as an entry reference. If it drops below 2400, don’t hold short positions; instead, let’s set up to embed positions around 2350 and 2300. For rebounds, focus on the resistance at 2500, followed by 2550 and 2600.

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