The article was edited on 2023.8.7 13:10 pm. All opinions do not constitute any investment advice! For learning and communication only.
Yesterday, the high of the bitcoin price was around 29205 and the low was around 28990. The non-farm payrolls data released by the United States on Friday night showed that the U.S. labor market slowed down, but wages grew steadily and the unemployment rate fell, which means that the possibility of further tightening of monetary policy by the Federal Reserve cannot be ruled out. The data had almost no impact on the market after it was released. The volatility of the bitcoin price has basically shrunk to the extreme over the weekend, with a fluctuation of only more than 100 points. The reason is still the lack of market liquidity in the recent period. There is basically no room for operation under this kind of volatility. At present, the bitcoin price is in the process of choosing a direction, and we should wait patiently for the market to choose a direction.
The daily level closed with a small positive line yesterday, and the Bollinger Bands moved downward, supported by the lower Bollinger Band 28800. The MACD volume was sluggish, and the 4-hour Bollinger Bands moved in parallel, suppressed by the upper Bollinger Band 29250. In terms of operation, it is recommended to go long with a light position near 28500, with a target of 28900-29300, and go short with a light position near 29500, with a target of 28700-28300, and a stop loss of 350 points each. The market changes in a myriad of ways, and the specific operation is mainly based on real-time strategies.
Ethereum's high yesterday was around 1838 and its low was around 1825. The volatility of Ethereum remained sluggish over the weekend, and there is basically no room for operation. Its volatility is slightly higher than that of Bitcoin, and it is still in a convergence phase overall. We need to wait patiently for the market to choose a direction.
The daily level closed with a small negative line yesterday, and the Bollinger Bands moved downward, supported by the lower Bollinger Band 1820. The 4-hour Bollinger Bands moved in parallel, suppressed by the lower Bollinger Band 1840. In terms of operation, it is recommended to go long with a light position near 1820, with a target of 1850-1860. You can go short with a light position near 1870, with a target of 1830-1800, and a stop loss of 25 points each. The market changes in a myriad of ways, and the specific operation is mainly based on real-time strategies.
Disclaimer: The above content is personal opinion, the strategy is for reference only, not as an investment basis, if you follow up at your own risk. #荣耀时刻 #WLD $BTC $ETH
