8.8 Bitcoin fell again, waiting for the bottom to be touched before buying more, BTC, ETH short-term bulls are weak and need to absorb funds?

After the market repeatedly tested downward, the support gradually stabilized. At present, it is mainly adjusted and repaired. In the fluctuation of major negative factors, the market still resisted the risk, and the bottom signal was temporarily confirmed. The market is currently repairing and adjusting, and the short-term panic selling needs time to digest. Short-term investors often have inertial thinking, thinking that the price will fall when it rises to 70,000, and will rise when it falls to 50,000. But after five months of shocks, the exchange of chips of institutional funds has been completed. There are still uncertain factors such as geopolitical conflicts and interest rate cuts in the future, which may trigger a series of emergencies and lead to unexpected results.

Bitcoin as a whole rebounded to 57,000 yesterday and then fell again after being suppressed. After breaking the middle track of the 4-hour Bollinger band, it began to continue to bottom out. At present, it has not reached the demand for bottoming out and buying more, and there are signs of continued downward movement. Now it seems that it is temporarily supported and stabilized near 54,500, waiting for the market to pull back again before continuing to arrange long orders. Real-time guidance: btc0796

BTC operation suggestions:

Go long when the price falls back to 54000-54500, target 55500-56500, stop loss 53500 when the price breaks 57500

ETH operation suggestions:

Go long when the price falls back to 2310-2340, target 2440-2540, stop loss 2280 when the price breaks 2600

It is easy to be affected by emotions when dealing with the market alone, resulting in a situation of more losses than gains in the long term. Friends who are not doing well or can't find the direction can consult with us.

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