8.18 Bitcoin and Ethereum market analysis
Major positive news! Major positive news!!
The big one is coming!! It concerns the interests of all cryptocurrency traders!
The interest rate cut is coming!!
Friends in the cryptocurrency circle must pay attention!
Just yesterday, Federal Reserve Chairman Powell attended a closed-door meeting of CEOs of several large banks. At the meeting, Powell encouraged banks to cooperate with the Federal Reserve! To avoid a long-term legal battle over the Biden administration's capital plan!
The expectation of interest rate cuts is so clear, and a large amount of funds are pouring into the market, which is bound to be good for the cryptocurrency circle!
From the current market, the trend tends to fluctuate sideways. Although there is a short-term rebound in the day, it has not been able to break out. From the hourly level, there is a classic range shock. The KDJ three-line low golden cross, the MACD short energy begins to convert the double-line low-level adhesion, and there is a need to continue to explore in the short term. From the daily level, the overall range is relatively large, and the daily line has formed a bottom pattern. Therefore, we should pay close attention to the support of 57400 below and the suppression position of 61900 above, which will determine the key direction in the later period! In terms of operation, a flexible idea of low-long-high-altitude should be adopted! Only by learning more can you better grasp the market and grow! I hope my article can help you find the direction when you are confused! The price is determined by the market, not by the disk display and K-line. The disk can only tell us the technical form and support and suppression. Choose the right entry point, and leave the rest to the time market!
BTC operation suggestion: enter the market with long orders in the range of 58500-59300, and the target is 60800-62000. High-level short orders: layout at 61500-62200, and the target is 61000-59500
ETH operation suggestion: enter the market in the range of 2570-2605, and the target is 2660-2750, #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
