The article was edited on 2023.8.1 11:45 AM. All opinions do not constitute any investment advice! For learning and communication only.
Yesterday, the high point of the big cake was around 29530, and the low point was around 29100. The overall volatility of the big cake was not large yesterday. After testing the 29500 line again in the evening, it began to fall back. In the morning of this day, it quickly fell down, and after reaching the lowest point around 28700, it began to rebound and fluctuate. At present, there is a large selling pressure around 29500, and short-term bears are dominant. If it does not effectively fall below 28500, it will continue to see a volatile market.
The daily level closed with a small negative line yesterday, and the Bollinger Bands moved downward, supported by the lower Bollinger Band 28600, MACD shrunk downward, the 4-hour Bollinger Bands were opened, the K-line broke through the lower Bollinger Band, and MACD went down with large volume. In terms of operation, it is recommended to go long with a light position near 28500, with a target of 28900-29300, and go short with a light position if it does not break 29500, with a target of 29200-28600, and a stop loss of 350 points each. The market changes in a myriad of ways, and the specific operation is mainly based on real-time strategies.
Ethereum’s high yesterday was around 1877, and its low was around 1850. Ethereum is mainly linked to Bitcoin, and its trend is weaker than Bitcoin. It experienced a wave of decline this morning, and after hitting a low of around 1816, it began to rebound, but did not effectively fall below the 1820 support level, and is still in a downward trend.
The daily level closed with a small negative line yesterday, and the Bollinger Bands were running parallel. Under the pressure of the Bollinger middle track 1890, MACD was moving downward with large volume. The 4-hour level was still in a downward trend, with the Bollinger Bands opening and MACD moving downward with large volume. In terms of operation, it is recommended to go long with a light position near 1820, with a target of 1850-1870. You can go short with a light position near 1880, with a target of 1850-1820, and a stop loss of 25 points each. The market is changing rapidly, and specific operations are mainly based on real-time strategies.
Statement: The above content is personal opinion and the strategy is for reference only and is not used as an investment basis. If you follow up, you will bear the risks at your own risk.