8.18 Bitcoin and Ethereum Market Analysis

Will Bitcoin break the bottom support and fall in volume, or will it soar and continue the bull market?

At present, Bitcoin continues to fall under pressure near the 60,300 mark, and then consolidates near 58,000. Our long orders can enter the market again. From the daily line, MACD has not gone out of a large distinction and has always run in a sticky manner. It has also been mentioned in the previous article that the daily line has formed a bottom pattern, so we should pay close attention to the support line of 57,400 below, which will determine the key direction in the later period! The current point is still at a low level from a large level. Only when the market is adjusted downward and the bulls get off can it be pulled up more violently to a higher point. The price is determined by the market, not the disk display and K-line. The disk can only tell us the technical form and support suppression. Choose the right entry time point, and leave the rest to the time market!

BTC operation suggestion: enter the market with long orders in the range of 57400-58000, and the target is 59500-61000,

ETH operation suggestion: enter the market in the range of 2575-2540, and the target is 2660-2740, #杰克逊霍尔年会 #币安Web3钱包 #美国CPI数据连续第4个月回落 #美国7月PPI低于预期 #WBTC