#ETH #BTC How to do the contract tonight.
The recent market is still dominated by short-wave contracts. Although I am a spot trader.
1. Yesterday's market review
First review the Bitcoin market in the morning yesterday. We were at 58800. Loss 59730, and then notified some fans to move up to 60500, and the short position made a lot of profit.
2. Previous ideas and current judgment
On August 9, I thought that ABC might be possible. Yesterday morning, I thought it might be completed, but after the high point appeared, AABC might be upgraded to a larger level. Yesterday's idea was to see a drop below the low of 57,500, and the actual lowest point of the pin was around 56,000. The current market rebounded 1,500 points.
From the structural point of view, the ABC callback structure of this decline has been met. Before falling below the low of 54,500, there is a chance to rise to 66,000, which is a long-term view. As for the current market, if the bottom trend is stable, it will still go up even if it falls back and does not break 56,000. Of course, if it goes up in the long term, it still needs to be washed out.
Short-term operations may go in the opposite direction and break through the pattern. Today, short-term aggressive short-term operations can be bearish around 59,000. You can try multiple positions, and it doesn’t matter if the position is light.
3. Ethereum market analysis
The structure of Ethereum is similar to that of Bitcoin. The key position is 2500, and a lower position of 2450 is also OK. As long as it does not fall below this area, it will have a better increase than Bitcoin later. Its structure has also completed a three-wave correction. The overall is a horizontal consolidation ABC, which is in line with the view that it fell to the 2500-2550 range yesterday. The lowest yesterday was 2516.
4. Today's views and operation suggestions
Tonight's view is simple, with more bearish trends, if it breaks through 60,000. Then withdraw and observe. If you didn't buy at the bottom, you can draw a trend line. Connect the high point of the rebound last night from the high point. The white market may tend to fluctuate. Wait until it fluctuates to the vicinity of the trend line before breaking through. Conservative people can wait for the trend line to break through before operating.
Detailed strategy operations, Brother Dao will share the contract spot password every day. If you want to keep up, click on the avatar and follow!
