[Bitcoin and Ethereum morning analysis on Sunday, August 25]
Bitcoin's upward movement was blocked by the 65,000 mark, and it fell back after rising during the day. The overall trend was volatile, and it fluctuated in the range of 64,500-63,800 during the day. The short position continued this morning, and the lowest point reached 63,531, but it soon came back up. It is currently running around 64,000.
In the 4-hour level, the Bollinger Bands are opening upward, and the price fluctuates around the middle track. This repair method echoes the current consolidation trend, and there is no large fluctuation space on the market. This means that the market may be in a delicate equilibrium at the current stage. While the bulls are quietly accumulating strength, they are also waiting for a more appropriate time to further exert themselves.
Morning operation ideas:
Bitcoin is long near 64,000, and the target is 65,000-65,500.
Ethereum can be carried out simultaneously.
Choose a direction, set a goal, and leave the rest to Shi Xiangyun and time. If you can't see the trend and the direction, come to Xiangyun!
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