8.17 Where will Bitcoin and Ethereum go? Saturday market trend analysis
#美国CPI数据连续第4个月回落 #美国7月PPI低于预期 #加密市场反弹 #美联储何时降息？
Yesterday, for Bitcoin, it is recommended to short at 59000-58700, with a target of around 57000, and the lowest price reached 57500. For Ethereum, it is recommended to short at 2640-2620, with a target of around 2500, and the lowest price of Ethereum reached 2558. Congratulations to friends who follow the operation. Today, the price of the currency still has a trend of bottoming out and rebounding. This week, Bitcoin has been moving forward with one foot deep and one foot shallow, with fierce long-short game and frequent top-bottom conversion. The more at this time, the more you can't be stubborn! Personal subjective assumptions and paranoia will only make you hit endless walls and suffer endless losses! As far as the K-line trend is concerned, there are signs of a pause now, because the current price lacks a clear reference upward, and we can only follow the upward momentum and form of the bulls to confirm whether the bulls can continue, so the current price also needs to be treated with caution, and we should not act rashly here.
From the daily trend chart of Bitcoin, Bitcoin's decline is discontinuous, and violent fluctuations are also a consumption process of adjustment. If it does not go down, it means that there is still a demand to touch the high. In four hours, the Bollinger band opened flat, and the currency price ran above the middle track. The rise on Saturday has not been continued, but fluctuated. In the short term, it is difficult for the currency price to continue to rise further. The operation in the future market is still based on the support of the middle track of the Bollinger band as the basis for long positions. The indicator also appears in the oversold area. I still maintain the view of callback long positions in the future market.
Today's operation suggestions:
For Bitcoin, long 58600-59000, stop loss below 58000, target 59500-60000, continue to move up to around 60700
For Ethereum, long 2530-2565, stop loss below 2490, target 2630-2670, continue to move up to around 2730
Finally, it should be emphasized that the market is always full of variables and uncertainties. Therefore, during the trading process, we should maintain a high degree of vigilance and keen insight in order to flexibly respond to market changes and accurately capture every profit opportunity. At the same time, I also suggest that you pay attention to my homepage to obtain more real-time analysis and trading strategy information so as to better grasp market dynamics and investment opportunities. But please remember that risks and benefits coexist. Please be sure to act according to your own situation and bear the risks at your own risk.
