Coin Victory Group: On August 19, Sandisk collapsed, Bitcoin briefly broke down, will Ethereum follow?

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币天王
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2 hours ago

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Do not worry about having no friends on the road ahead, there are like-minded people on the investment path. Good afternoon, friends! I am Coin King from Coin Victory Group, thank you all for coming here to watch the articles and videos by the King. Each day I bring you different news from the crypto world and precise market analysis. Bitcoin has finally welcomed the much-anticipated surge. In yesterday's article, I mentioned that as long as Bitcoin breaks through the 64500 line, it will inevitably rush to the 65500 position. Currently, the market is still fermenting, and I personally feel that this position is likely to be reached tonight. The current market shows signs of the bulls repeatedly testing high positions and then wanting to offload, and this point also encourages them to offload, creating a very rhythmic effect. In fact, this current rhythm is quite good, meaning that the main force is keeping the price suppressed and not allowing the market to break through too quickly. In this case, a relay rise may appear later, which is relatively favorable.

Next, let’s look at Sandisk. In yesterday's article, I mentioned paying attention to the long-short ratio. When the market, or retail investors, shows a following buying effect, it presents an opportunity to sell short. Last night, many friends following us laid short positions at the high of 1820, and currently, the profits should be very nice. However, I personally feel that the market will continue to fluctuate within a range of 20%, and it will not lead to a zero-return coin.

Actually, there isn’t much to say about Bitcoin's position today, as there hasn't been much opportunity for long positions at the bottom. The resistance at the top is very clear, around 65500. If we reach this position today, we will go short; if not, we will take a wait-and-see approach. If the market becomes strong and gives us a position around 63800, we can choose to go long, with a stop loss placed below 63200. Whether it’s 65500 or 63800, as long as there’s an opportunity to enter positions at these two levels, there’s a good chance they could become medium-term holdings.

The Ethereum market is similar to Bitcoin's; the key position to pay attention to below is currently 1885. If we reach this short-term level, we can choose to lay some long positions, with a stop loss placed below 1868. Then, for the short side, focus on 1925. At this position, the aggressive can try a small position in a short position, setting a stop loss of about 10 points. For those seeking stability, it’s better to wait until the upper range of 1955~1960 before choosing to short. Then, the target can be set for 80 to 100 points. Aside from that, I do not recommend laying positions elsewhere. Furthermore, in recent days, the pace of the market has gradually accelerated, and the market is changing rapidly, making the effective time frame for strategies increasingly short. If you want more timely guidance, you are welcome to find Coin Victory Group across the internet.

That's all for today. Remember the hot topics, understand the trading essentials, and keep a close eye on the key points on the market. Let’s keep making profits next time! This content is exclusively planned by Coin Victory Group; search “Coin Victory Group” on WeChat official accounts, same name across the internet! If you want to learn about real-time strategies, unblocking techniques, or learn about K-line and contract methods, you can talk to Coin Victory Group. There are also free trial groups and community live broadcasts for fans, all full of valuable content, no fluff! Let’s keep an eye on the meeting together early Thursday morning, and if there’s any news, we can chat anytime. If you find it useful, please give a thumbs up and follow us, so you don’t get lost! To end with a heartfelt message: If you truly want to learn something from a blogger, you need to follow them over the long term. Don’t just watch the market a few times and jump to conclusions! There are too many “performers” in this market; today they show a screenshot of long positions, tomorrow they summarize short positions. It looks like “catching the peak and bottom every time,” but in fact, it’s all hindsight! What’s truly worth paying attention to is the consistency of trading logic that can withstand scrutiny, not just jumping in when the market moves! Don’t be fooled by those exaggerated figures and out-of-context screenshots; long-term observation and deep understanding are needed to differentiate who are the genuine thinkers from those just trying to sell you dreams!

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