8.26 BTC/ETH Market Outlook:
After Bitcoin surged to 81,270 yesterday, it pulled back from the high level. The daily K-line closed with a small bearish inverted hammer. Currently, although the KDJ and RSI show signs of turning down from high levels, the three bands of the Bollinger Bands are still opening upward and lifting in the middle. In terms of trading, pullbacks remain the primary opportunity to go long.
On the 4-hour timeframe, the pullback has not managed to break below the middle-band support. On the 1-hour timeframe, the current price is also ranging around the middle band. For intraday downside support, watch 78,000 and 77,500. Buy on the pullback here, with upside targets at 79,000–80,000–81,000. If price breaks below 77,000, then no long positions will be kept.
If you are going long again further below, you need to pay attention to support at 76,000 and 75,500. As long as this zone holds without breaking, there may be another rebound wave toward the 80,000 level.
For Ethereum, focus on downside supports at 2,440 and 2,420. On a pullback toward here, you can try a low-buy. Upside targets are 2,480, 2,520, and 2,600. If price breaks below 2,400, no long positions will be kept.
Further downside supports to watch are 2,300 and 2,250. If you plan to place more low-buy entries, you’ll need to monitor this area. #OpenAI据报完成新一代Bel模型预训练
After Bitcoin surged to 81,270 yesterday, it pulled back from the high level. The daily K-line closed with a small bearish inverted hammer. Currently, although the KDJ and RSI show signs of turning down from high levels, the three bands of the Bollinger Bands are still opening upward and lifting in the middle. In terms of trading, pullbacks remain the primary opportunity to go long.
On the 4-hour timeframe, the pullback has not managed to break below the middle-band support. On the 1-hour timeframe, the current price is also ranging around the middle band. For intraday downside support, watch 78,000 and 77,500. Buy on the pullback here, with upside targets at 79,000–80,000–81,000. If price breaks below 77,000, then no long positions will be kept.
If you are going long again further below, you need to pay attention to support at 76,000 and 75,500. As long as this zone holds without breaking, there may be another rebound wave toward the 80,000 level.
For Ethereum, focus on downside supports at 2,440 and 2,420. On a pullback toward here, you can try a low-buy. Upside targets are 2,480, 2,520, and 2,600. If price breaks below 2,400, no long positions will be kept.
Further downside supports to watch are 2,300 and 2,250. If you plan to place more low-buy entries, you’ll need to monitor this area. #OpenAI据报完成新一代Bel模型预训练
