All long positions have reached their profit target, make sure to secure your profits! 8.4 Bitcoin strategy

After last week's sharp decline, the bearish trend continued on Saturday, and the bottom-fishing strategy provided on Saturday and Sunday perfectly matched the price movement of the coin. The rebound strategy given on Sunday has also been validated. Currently, all long positions have reached their profit targets, and those who followed can secure profits or carry stop-loss orders! For those looking to scale, it is recommended to maintain positions at 3530/114500.

From a technical perspective, after six consecutive daily negative candles, it closed positively; after the morning close, the bullish trend continued. The KDJ lines are turning upwards, and the MACD volume is also decreasing. The daily closing seems a bit unusual. Today, we should first focus on whether the upper resistance at 116000 can be broken, and we expect a retracement today! The upper pressure levels to watch are 115000, 116000, 117000, 1189000, and 119500, while the lower support levels to watch are 111800, 111200, and the 110000 level.

8.4 Bitcoin trading strategy: Aggressive traders can enter short at the current price of 115000-115500, while conservative traders can enter at 116000-116500, with a stop-loss above 117000 and a target around 114000-113500-113000, and if broken, look for around 112600-112000. Continue to adjust stop-loss to secure profits based on the situation!

8.3 Ethereum trading strategy: Aggressive traders can enter short at the current price of 3550-3580, while conservative traders can enter at 3600-3630, with a stop-loss near 3680 and targets around 3500-3450-3400, and if broken, look around 3350. Continue to adjust stop-loss to secure profits based on the situation!

Long position strategy: Increase one hand near the first retracement at 112000, with a stop-loss near 111100 and targets around 113500-114000-114500, and if broken, adjust the stop-loss to secure profits based on the situation!

For Ethereum, increase one hand during the day at the retracement of 3370-3400, with a stop-loss near 3320 and targets around 3450-3500-3530-3550, and if broken, adjust the stop-loss to secure profits based on the situation!

Recently, after a sharp decline, there will be capital inflow betting on the bullish trend, coupled with poor data performance, increasing the probability of interest rate cuts in September. Therefore, everyone should not chase shorts at low levels. Instead, gradually enter near resistance levels and avoid holding onto losing positions! #加密市场反弹