On the morning of Friday, August 23, BTC Ethereum thought analysis:
In yesterday's market, the oscillation range moved back too much, and there was no big movement. Whether it was Zuoduo or short, there should be room for it. The trend needs to be stuck in the point and range. It looks like a breakthrough, but there is no breakthrough. It is still roundabout, so you can't chase it, and you must be rational.
The only thing that can really break this box oscillation rhythm is to pay attention to the interest rate cut in September. In other words, this continuous tug-of-war trend will continue. There may be a false illusion of breaking the interval structure of the small cycle, but it will not continue to move out of the strong big edge. I still bought on dips as I told you, and waited patiently for the breakthrough period to come. I don't like to say 10w or 4w, because it doesn't make much sense. Trend insight only grasps the present.
For the current market, the development of the trend, continuity is the key. A single tree cannot make a forest. At present, there is not enough continuity. The shape still has a trend of continued adjustment. So for today's operation, the short-term is very simple, and the probability of a one-time breakthrough is low. The entry point is still based on the range of the 1-hour chart and the 4-hour chart. You only need to pay attention to the overnight high of 61800 supporting the breakthrough of 59500. Before there is a breakthrough, you can go high and low.
BTC short-term operation: step back to the 59700-60200 area, the target is
61400-61800
Ethereum short-term operation: synchronize with the pace of Bitcoin!
