Blockchain Liangqiu: 8.20 Bitcoin/Ethereum early morning operation strategy with market analysis

Bitcoin/Ethereum have been many downward spikes in the past two days. Bitcoin has hit a low of around 57750 and Ethereum has hit a low of around 2560. To be honest, it feels like a big drop, but from the trend line and low point, it has not broken the recent low point. It can only be said that the current trend is sideways and has repeatedly tested the lower position. As long as the low point is not broken, the market will form a bottom. In terms of Bitcoin K-line pattern, the recent price fluctuates between 58,000 and 60,000, forming a relatively obvious shock consolidation range. The continuity of long and short positions is not strong. At present, it depends on the breakthrough of the upper 60,000 and the lower 57,500.

In terms of technical indicators, MACD 4-hour cycle MACD is in the negative area, but the DIF line has a trend of crossing the DEA line upward, indicating that there may be a rebound in the short term. The daily MACD is still hovering near the zero axis, and there is no clear direction. Moreover, Bitcoin and Ethereum have been oscillating back and forth near the moving average many times in the past two days. You can retreat in the early morning to continue to enter the long position.

In the early morning, long orders were placed near 58500 to 58800 for Bitcoin, with a target above 60000; long orders were placed near 2570 to 2600 for Ethereum, with a target above 2660. #美联储何时降息？ #美国7月PPI低于预期