Market analysis update on August 28: #BTC☀ #ETH🔥🔥🔥🔥
Hello everyone! Today we will update the market trend analysis of BTC and ETH, hoping to help your trading decisions.
BTC analysis:
Large cycle trend: BTC still maintains operation within the daily channel, and the overall trend remains stable.
Key support level: The current price is still around 5.75 at the B point of the 4.9 rebound position, and the C point 5.46 is still the key match point. The trading strategy is not in a hurry to act. It is recommended to combine the position rebound and mainly operate on the right side.
4-hour chart analysis: The current price is close to the 5.66 long position of the previous wave, but it is not recommended to chase the short at this time. According to the profit and loss ratio exit plan, a batch of exit strategies have been notified yesterday.
Intraday trading strategy: For traders who like short-term operations, it is recommended to at least stand above the 15-minute middle track of the Bollinger Band, and then you can perform long and short operations within the 15-minute Bollinger Band range.
ETH analysis:
Rebound target: In this round of rebound, ETH's target may be around 2800.
Support level break: The current 2515 support position has been broken many times, and the target of 2366 has also been achieved. However, the decline has not yet stopped completely, and the situation of BTC is similar.
Trading strategy: Continue to pay attention to the operation on the right side of the rebound. Traders with short-term support and pressure can operate according to their own judgment and do not need to rely too much on other opinions.
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