‼️August 29 Trend Express + encryption information spread‼️
1.#BTC
--BTC surged yesterday, barely closing above 111930 in the morning, once rising to 113469, with only 200 dollars left before the stop loss at 113641, then turned downwards, closing at 112563.
Currently in a downward channel, let's wait for another 3-5 days. Today may challenge the issue of 108666.66, which is the previous low point. If it breaks the low point, we'll add short positions; if not, it will need to rebound, and we'll have to take more time.
2.#Ethereum
--ETH maintains high volatility with some pullbacks. It is best to keep the fluctuations here, as it still needs time. Today, there is a short-term rebound buying point on the 1-hour chart, and the opening position is still around 4400 points, with a stop loss at 4350 and a take profit at 4550. Maintain a fast in-and-out strategy until the market starts moving. Today, the daily trend line remains the major stop-loss level, and the closing price cannot be lower than 4350.
3. The key support level for #BTC currently is:
--BTC: Light position speculation. The 1-hour level rebounds to around 113000, and short positions are gradually built. Stop loss at 113641. If today’s closing price remains below 111930, take profit around 100000. Hold the short position without moving.
--ETH: Observe the 1-hour level game, wait for a pullback to engage again, open a position near 4400, stop loss at 4350, take profit near 4550. Do not short.
Note: If there is no market trend, observe from the sidelines. For those with positions, pay attention to the support at key pressure levels.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
‼️August 29 Trend Express + encryption information spread‼️
1.#BTC
--BTC surged yesterday, barely closing above 111930 in the morning, once rising to 113469, with only 200 dollars left before the stop loss at 113641, then turned downwards, closing at 112563.
Currently in a downward channel, let's wait for another 3-5 days. Today may challenge the issue of 108666.66, which is the previous low point. If it breaks the low point, we'll add short positions; if not, it will need to rebound, and we'll have to take more time.
2.#Ethereum
--ETH maintains high volatility with some pullbacks. It is best to keep the fluctuations here, as it still needs time. Today, there is a short-term rebound buying point on the 1-hour chart, and the opening position is still around 4400 points, with a stop loss at 4350 and a take profit at 4550.
Maintain a fast in-and-out strategy until the market starts moving. Today, the daily trend line remains the major stop-loss level, and the closing price cannot be lower than 4350.
3. The key support level for #BTC currently is:
--BTC: Light position speculation. The 1-hour level rebounds to around 113000, and short positions are gradually built. Stop loss at 113641. If today’s closing price remains below 111930, take profit around 100000. Hold the short position without moving.
--ETH: Observe the 1-hour level game, wait for a pullback to engage again, open a position near 4400, stop loss at 4350, take profit near 4550. Do not short.
Note: If there is no market trend, observe from the sidelines. For those with positions, pay attention to the support at key pressure levels.