Gu Jingci: 8.31 Bitcoin/Ethereum Trading Strategy + Market Analysis
After a rapid dip in the early session, Bitcoin/Ethereum rebounded somewhat. On the daily chart, the MA5 and MA10 lines overlap and then turn downward, showing clear resistance. In addition, after the prior spike and subsequent pullback without breaking the previous high, last night’s second top probe suggests the market is likely to fall further. After a sharp decline on the 4-hour chart, there was some repair and a rebound, but it formed only a small bullish candle with a significant contraction in trading volume, indicating insufficient rebound momentum. During the daily downtrend, the market produced large bearish candles with heavy volume, suggesting heavy sell pressure in the short term and that bearish forces are in control.
Technical indicators: On the 4-hour chart, the DIF line has crossed below the DEA line, and both lines are operating below the zero axis. The MACD histogram is negative and continues to expand, indicating a strong short-term bearish trend and that downside momentum is still increasing. The short-term moving average system is arranged bearish, and the risk of short-term pullbacks is relatively high.
Trading Recommendations: For Bitcoin, continue to short around 78200 to 78600, with a target around 76500. For Ethereum, continue to short around 2450 to 2470, with a target around 2380.
The analysis and strategy are for reference only—please take your own risks. The article review and publication may not be timely; refer to real-time conditions for specifics! #布伦特原油涨破90美元 #三星SK海力士领跌韩股KOSPI跌3.6% # Gold early session touched $4,444
After a rapid dip in the early session, Bitcoin/Ethereum rebounded somewhat. On the daily chart, the MA5 and MA10 lines overlap and then turn downward, showing clear resistance. In addition, after the prior spike and subsequent pullback without breaking the previous high, last night’s second top probe suggests the market is likely to fall further. After a sharp decline on the 4-hour chart, there was some repair and a rebound, but it formed only a small bullish candle with a significant contraction in trading volume, indicating insufficient rebound momentum. During the daily downtrend, the market produced large bearish candles with heavy volume, suggesting heavy sell pressure in the short term and that bearish forces are in control.
Technical indicators: On the 4-hour chart, the DIF line has crossed below the DEA line, and both lines are operating below the zero axis. The MACD histogram is negative and continues to expand, indicating a strong short-term bearish trend and that downside momentum is still increasing. The short-term moving average system is arranged bearish, and the risk of short-term pullbacks is relatively high.
Trading Recommendations: For Bitcoin, continue to short around 78200 to 78600, with a target around 76500. For Ethereum, continue to short around 2450 to 2470, with a target around 2380.
The analysis and strategy are for reference only—please take your own risks. The article review and publication may not be timely; refer to real-time conditions for specifics! #布伦特原油涨破90美元 #三星SK海力士领跌韩股KOSPI跌3.6% # Gold early session touched $4,444