20240814 Market Interpretation

1: #BTC This wave of Bitcoin rushed to the high point of 62700 and began to step back. The lowest point hit near 57600, and the step back was close to 5000 points, with a step back of -8%. Then it rebounded from 57600 to the high point of 61700. It has now stepped back to around 60900

I called everyone to buy more at 59000 before, and I also called everyone to run at 61000 last night. If you are a partner holding spot, you can continue to hold it. If you are doing swing trading, you can operate according to the points I said

The market is still in an upward trend, but it will step back to the grinding plate and then go up

For short-term operations, pay attention to the 60000 position. You can continue to buy more after stepping back, stop loss at 58500, and stop profit above 62000

2: #ETH Ethereum is basically linked to Bitcoin's trend, but it is a little stronger than Bitcoin in the past two days. The position is basically linked to Bitcoin. If you want to operate Ethereum, you can link Bitcoin's position to open an order. Before the spot, I told everyone to continue holding at 2200.

Short-term operations can wait until it falls back to 2650 before taking it, stop loss at 2600, and take profit above 2800

3: CPI will be announced at 20:30 in the evening, so you can pay special attention to it

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