The cryptocurrency world is full of opportunities and challenges. We need to maintain a clear mind at all times so that we are not influenced by short-term market fluctuations. It is inevitable to encounter some setbacks in the crypto space. We must understand that every difficulty we face is a stepping stone towards success. We should learn to view problems with a long-term perspective; without taking small steps, we cannot reach great distances. The road to success is destined to be winding and long!
Feiran's Cryptocurrency Analysis 8.8 (Written at 10:30) BTC Market Analysis and Trading Suggestions:
In the early session, Bitcoin attempted to break through 118,000 but failed, and the price slowly retreated to oscillate below 117,000. The strong performance of the bulls in the past two days has turned the monthly chart red again, sparking endless imagination. Meanwhile, resistance still exists above, and Bitcoin faces certain difficulties in breaking new highs. From the 4-hour chart, after a series of highs, the technical indicators have reached a severely overbought state. As the MACD bullish momentum decreases, a pullback is inevitable. During the day, we need to pay attention to whether the 116,000 level remains stable. If the 116,000 level holds, we can still consider going long.
BTC Trading Suggestions:
It is recommended to buy on a pullback near 116,000-116,200, with a target of 117,500-118,000. If it breaks, continue to look upward, with a stop loss at 115,500.
Ethereum remains very strong in the early morning, directly breaking above 3,900, hardly giving retail investors a chance to buy on a pullback. After another surge in the morning, it began to retreat due to the dual divergence on the hourly and 4-hour charts. The bearish outlook near 3,900 in the morning video is valid; just hold on patiently. In the short term, Ethereum's support is below 3,850. During the day, pay attention to the strength of Ethereum's pullback. If the pullback stabilizes, take profits on short positions and switch to long.
ETH Trading Suggestions:
It is recommended to buy in batches on a pullback between 3,830-3,850, with a target of 3,900-3,950. If it breaks, continue to reduce positions and look upward, with a stop loss at 3,800.
Personal opinions are for reference only. Market conditions may change, and specific strategies should be based on real-time updates!
The strategies in this article may have a time lag and are for reference only. Please view them rationally; profits and losses are your own responsibility!
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