$ETH $BTC I told everyone early on about ETH’s price trend analysis. Let me briefly break down the thoughts on BTC and ETH. I went on a work trip on 8/22 just after things started—at that time BTC was around 65,000. I’ve been quite optimistic about it.
As for 71,000, later on I couldn’t watch the charts, so the move was pushed up to above 80,000. That means the technical analysis idea that looking at 70,000 was correct. Now when we look at the quarterly line resistance level, it’s around 82,000. At this point, there will likely be some profit-taking and longs escaping.
This is also what I mentioned a few days ago: you can do a swing-position short at 83,400 (侄孙). Specifically, if the market cooperates, it may choose a high-range consolidation and pull back to around 73,000 or 75,000, then push upward again. But as mentioned earlier, the quarterly resistance is hard to break, so continuing to open long positions carries a higher risk!
However, pay attention: this market is only a correction—it doesn’t mean the uptrend is completely over. It’s just a phase high.
As for recent Ethereum (ETH), the走势 is likely to be more ambiguous, because ETH’s upside move and the exchange-rate momentum are catching up to and surpassing BTC. Therefore, going long is more inclined to ETH.
For today: the first support is 2385, the second support is 2350. Resistance is at 2490 and 2520. So if the price keeps bouncing and consolidating in the high range, it may return to 2490. For BTC, the daily resistance is at 79,400, so the earlier BTC swing short can still be held.
For ETH, its 侄孙 (reference) needs to look at 2490; for the br, you don’t need to pay attention. If 0.22 can’t even get above, then the probability of a slow bleed down to 0.18 later is even higher. So right now, BTC and ETH are both at a 4-hour top with bearish divergence. As long as it can drop below around 2380 (and not a wick/pin), then the market will definitely come to 2350.
The current market is already speaking up for “Wange” (挽哥). Who else！！！！ The plaza has latency—messages come first. Lock in the Wanjia Army (挽家军) and take down your first bucket of gold in life 👇👇👇
#ETH #BTC
As for 71,000, later on I couldn’t watch the charts, so the move was pushed up to above 80,000. That means the technical analysis idea that looking at 70,000 was correct. Now when we look at the quarterly line resistance level, it’s around 82,000. At this point, there will likely be some profit-taking and longs escaping.
This is also what I mentioned a few days ago: you can do a swing-position short at 83,400 (侄孙). Specifically, if the market cooperates, it may choose a high-range consolidation and pull back to around 73,000 or 75,000, then push upward again. But as mentioned earlier, the quarterly resistance is hard to break, so continuing to open long positions carries a higher risk!
However, pay attention: this market is only a correction—it doesn’t mean the uptrend is completely over. It’s just a phase high.
As for recent Ethereum (ETH), the走势 is likely to be more ambiguous, because ETH’s upside move and the exchange-rate momentum are catching up to and surpassing BTC. Therefore, going long is more inclined to ETH.
For today: the first support is 2385, the second support is 2350. Resistance is at 2490 and 2520. So if the price keeps bouncing and consolidating in the high range, it may return to 2490. For BTC, the daily resistance is at 79,400, so the earlier BTC swing short can still be held.
For ETH, its 侄孙 (reference) needs to look at 2490; for the br, you don’t need to pay attention. If 0.22 can’t even get above, then the probability of a slow bleed down to 0.18 later is even higher. So right now, BTC and ETH are both at a 4-hour top with bearish divergence. As long as it can drop below around 2380 (and not a wick/pin), then the market will definitely come to 2350.
The current market is already speaking up for “Wange” (挽哥). Who else！！！！ The plaza has latency—messages come first. Lock in the Wanjia Army (挽家军) and take down your first bucket of gold in life 👇👇👇
#ETH #BTC
