Yesterday, the price of Bitcoin and Ethereum hit the bottom again. The price rose slightly in the evening, and then retreated directly to the bottom under pressure. It is a pity that the price is still a little bit away from our stop-profit point!
Judging from the trend on Saturday, the intraday is still dominated by fluctuations, and today is the last day of August. The weekly and monthly lines are about to close. There is also a generally optimistic interest rate cut in September. It can be predicted that the action in September will definitely not be small.
So from the current trend, the daily level can pay attention to the obvious suppression of Bitcoin at the MA60 moving average. Once the price breaks through this point and stabilizes, there will be a relatively good space for a subsequent bull. Ethereum is obviously suppressed at the MA30 moving average at the daily level, which can also be focused on.
So in the case of fluctuations over the weekend, we still use Rest mainly, patiently wait for the opportunity to enter the market. The four-hour level of the big cake has bottomed out many times, and the daily level has also tested the support many times. The lower track support has not been broken, and the potential energy of the bears is also weakening. The Ethereum daily level has bottomed out many times without breaking, and the lower support is still relatively strong.
Then we can still pay attention to the lower support situation and continue to try with a small position and a small stop loss. The big cake support is 58500-57500, and the daily lower track support is around 56000. These points can be paid attention to. Above 59000-60000, you can give priority to the rebound short-order opportunity, and defend 500 points!
For Ethereum, pay attention to the short-term support of 2500-2460, and the daily lower track support is around 2435. 2580-2630 can give priority to the rebound short-order opportunity, and defend 40 points!