Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be overly anxious. Even if there are short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what has been lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to increase the probability of success. At the same time, investing is also a process of growth. Mr. Coin advises all cryptocurrency friends to learn while trading, summarizing both gains and losses in a timely manner, deepening their understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

8.23 Ethereum (ETH) Market Analysis Reference

Last night, Ethereum was influenced by news, and the bulls made a strong move, with the price increasing by several hundred points in an instant. The market broke through multiple resistances, refreshing its historical high in the early morning, surpassing the 4800 level. The subsequent upward momentum is also strong. If the market adjusts and the price can maintain above the 3750 level, there is a possibility of further upward movement to reach the 5000 level in the short term. Currently, Ethereum shows a strong upward trend, and if it continues to break through, the probability of the market reaching the 5000 level is very high.

On the 4-hour chart, there are consecutive large bullish candles breaking the previous high of 4616, accompanied by increased volume, forming a strong upward structure. The latest candlestick was blocked at 4887 and fell back, forming a long upper shadow, indicating a short-term need for a pullback. The daily chart shows a V-shaped reversal structure, with a continuous increase in volume after the low of 4060 on August 20, breaking through key resistance levels of 4350/4500, and currently testing the 4800 round number during the pullback. MACD: On the 4-hour chart, the DIF (80.72) has crossed above the zero line and continues to widen, but the latest red bar has shortened; on the daily chart, a bottom divergence has appeared followed by a golden cross. It is recommended to lightly short at high positions and go long at low positions.

8.23 Ethereum Short-term Reference:

Short at 4900-4950, stop loss 30 points, target below 4850,

Long at 4600-4651, stop loss 30 points, target above 4750,

8.23 Bitcoin Short-term Reference:

Short at 117200-118000, defend at 120500, stop loss: 500, target below 115500,

Long at 113200-114200, stop loss 500, defend at 111000, target above 115000,

There may be delays in article transmission, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgment, it is essential to manage take-profit and stop-loss orders properly. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin in the cryptocurrency circle) to get the addition method: the first ten each day can receive free exit strategies.

For more real-time trades, you can follow my public account for online market technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency circle, and have studied in the U.S. multiple times, mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are not familiar with trading, you are welcome to study and learn together.

Exclusive views, there may be delays in article transmission, risks are self-borne, manage positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, move forward together, and keep pushing. In the depths of time, hold onto understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your present self. We live authentically, but not every data revelation needs to be taken too seriously. Let the past be the past, and let the future come quickly! Take good care of yourself, sharpen your skills, and be ready to set off at any time. Keep it up!

—— This article is written by Mr. Coin in the cryptocurrency circle, no plagiarism, respect originality!

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。