2024.8.23 Today's market analysis: ##btc ##eth

Now the daily market fluctuations are pretty good, but the problem is that it's just that, "short and sharp", and the rest of the market is boring. I thought the market trend would come out, but the market started to fluctuate again. Today is Friday, and the week is coming to an end. Will it take action next week?

There is no big change in the 1-hour trend. The focus is still on this upward trend line. If it holds, consider long orders. If it falls below, enter aggressive short orders. Observe the low point near 57800 and the support area of ​​56000 below. Observe the pressure performance near 62000 above. If it holds, consider short orders. If it breaks through and stabilizes, consider aggressive long orders. At present, it is in the range of shocks, and you can place orders according to the support and pressure.

The range of ETH is even more obvious, with pressure near 2680 above and support near 2550 below. Do not place orders in the middle section.

The overall volatility is starting to decrease again. Wait patiently for the market to break through and follow the trend. Although the operation is mainly in the shock range, it is time to start to form a pattern. When the order is profitable, try to ensure that there is a bottom position to gamble, so that at least you will not miss the first wave of the market.