The cryptocurrency market 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 on August 14 (Written at 10:00 AM) BTC Market Analysis and Trading Suggestions:
As Feiran anticipated, after Bitcoin stabilized at the 120,000 mark yesterday, it surged nearly 4,000 points in a day, breaking the historical high. This perfectly validates the recent strategy of buying on dips. Returning to the trend, Bitcoin's monthly chart shows a "solid bullish" candle that reclaims last month's upper shadow, laying a solid foundation for Bitcoin's subsequent rise. The long-term bullish trend is now unstoppable, and the daily chart shows a significant bullish volume for Bitcoin. The short-term pullback indicates that the price is nearing a high, and the washout will be very intense. Everyone needs to manage their entry timing well. The 4-hour Bollinger Bands are opening upwards but slowing down, and the MACD indicator shows severe overbought conditions, with signs of divergence on the chart. There is a demand for a pullback in Bitcoin today, so pay attention to the strength of the pullback during the day.
BTC Trading Suggestions:
It is recommended to buy on a pullback around 122,500-123,000, targeting 124,000-125,000. If there is a strong breakout, continue to look upwards, with a stop loss at 122,000.
Ethereum's overall performance remains very strong. The pullback space provided after each surge is very limited. The long-term technical indicators are all in a state of expansion, and there are no significant changes overall. The hourly and 4-hour charts are severely overbought, but this does not affect Ethereum's strong performance. The strategy during the day is to look for buying opportunities on pullbacks.
ETH Trading Suggestions:
It is recommended to buy in batches on a pullback around 4,650-4,700, targeting 4,800-5,000. If it breaks, continue to reduce positions and look upwards, with a stop loss at 4,600.
The strategies in this article may have a time lag and are for reference only. Please view them rationally, and you are responsible for your own profits and losses!
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