Trader Chen Shu: Bitcoin and Ethereum market strategy No. 2 on the evening of August 26, short orders at the current price to make a profit, those who have not entered the market can continue to enter the market and wait for the decline!
Yesterday evening's strategy gave a light short position of Bitcoin at 64,000 and a light short position of Ethereum at 2,760. In the afternoon, the article strategy again gave a short position of Bitcoin at 63,800 and a short position of Ethereum at 2,740. Friends who did not follow the short position can still follow the strategy to short position, and friends who shorted yesterday and in the afternoon can continue to hold. Congratulations to friends who follow the strategy!
At present, Bitcoin has a short-term decline, but the amplitude is not large. It is mainly due to the small trading volume and the small amplitude of both the upper and lower amplitudes. At present, the price has come to the 63,600 line again for shock adjustment. The 1-hour price continues to run below the MA30 and 60-day moving averages. The 4-hour rebound also did not break through the 5-day and 10-day lines. Continue to be bearish!
As for Ethereum, the price is also continuously suppressed in the 2750-70 area emphasized in the afternoon article. The current market is fluctuating and falling. The short position idea is correct. We were short at 2760 last night and continued to hold bearish at 2740 in the afternoon. The first target is around 2700!
Evening operation suggestions (for those who did not follow the short position):
BTC : Short at the rebound of 63600-800, the target stop loss remains unchanged, refer to my afternoon article analysis
ETH : Short at 2720-40, the target stop loss remains unchanged, refer to my afternoon article analysis
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