Preface: Investment carries risks, and operations should be conducted with caution.
Article review takes time, and there may be delays in publication. The article is for reference only, welcome to read!
Article writing time: August 25, 11:18 AM Beijing time
European Central Bank Governing Council member Kazaks: It is essential to ensure that inflation remains close to the target level, and market views are "highly consistent" with benchmark expectations;
The expectation for a rate cut by the Federal Reserve in September has dropped to 75%;
According to reports, Eric Trump is preparing to visit Metaplanet and make predictions about Bitcoin prices;
The Bitcoin reserves of Trump Media Technology Group are currently worth billions of dollars, making it the eighth largest holder of Bitcoin globally;
European Central Bank President Lagarde: The European labor market is performing better than expected;
Market Review
Over the weekend, Bitcoin experienced slight fluctuations, with a rapid decline last night, hitting a low of 110,484, marking a short-term low. It then surged to around 113,500. Ethereum saw little correction over the weekend, directly rising to 4,957 last night, followed by a small drop, with the current low at 4,667;
Market Analysis
Bitcoin
After being influenced by previous news, we attempted to go long after a pullback but were stopped out. Over the weekend, Bitcoin did not provide significant rebound opportunities, with a maximum profit of around 600 points. From the daily chart, the recent drop to around 11,000 formed a long lower shadow, indicating a retest of support at 112,000. After the day session, the market also dipped slightly. Currently, the daily trend shows a bullish candle, and the 4-hour chart has also formed a long lower shadow. Overall, the support has not been broken, and there are still rebound opportunities during the day. We will first position ourselves for a long, focusing on breaking the short-term high of 117,397. Recommended entry point: 113,000, stop loss at 111,000, target at 116,000. After reaching this target, pay attention to breaking 117,397 and manage your entry opportunities; short-term trading, control risks, and manage your own profits and losses;
Ethereum
Previously, we positioned for a long on Ethereum at 4,770, targeting 4,950-5,000, which was just reached, yielding a profit of about 180 points. The stop loss on Bitcoin offset the losses, resulting in a slight profit overall, with no losses in trading. From the daily chart of Ethereum, although it formed a doji, it is a bullish doji, indicating a strong bullish signal. The weekly close for Ethereum remains strong, and overall, there is still room for Ethereum to rise. In trading, we continue to go long and not short. Recommended entry point: around 4,730, stop loss at 4,650, target at 5,000, 5,100. Manage your own entry opportunities; short-term trading, control risks, and manage your own profits and losses;
In summary:
Both Bitcoin and Ethereum have short-term rebound opportunities;
The article is time-sensitive, be aware of risks, the above is only personal advice, for reference only!
Follow the WeChat public account "Crypto Lao Zhao" to discuss the market together;
"In life, one should enjoy to the fullest, do not let the golden cup face the moon empty, cook sheep and slaughter cattle for joy, one must drink three hundred cups at once." Always retain Li Bai's boldness, "Cen Fuzi, Dan Qiu Sheng, let’s drink, do not stop the cups." Always have brothers with whom you can talk about anything. Cheers to life, cheers to the past, keep it up, every person in the crypto circle.
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