Crypto Circle Scholar: Bitcoin aims for 'historical high' on August 14! Ethereum's 'adrenaline surges'!
Bitcoin's current price is 121,450. It is now one o'clock in the morning Beijing time. Yesterday's article suggested a southern strategy at 122,000, taking profits on one-third of the short-term 1,500 points. According to the market trend, all indicators have reached the top resistance level, showing momentum to challenge the historical high. Therefore, friends in the south suggest setting a stop-loss at the historical high. The EMA trend indicator is bullish across the board, and the MACD has formed a high-level golden cross with increasing volume. Additionally, the daily K-line has broken the upper Bollinger Band resistance level of 121,630. All indicators are currently at resistance levels, showing a momentum to push forward. The four-hour K-line is already at a high position, and the market is still in an upward channel. The MACD volume has decreased and started to increase again. The DIF and DEA formed a golden cross breaking 121,600, with the upper Bollinger Band resistance level focusing on 121,850. It is suggested to start moving south after breaking the upper resistance level with decreasing volume, and to remain in cash temporarily when moving north.
Short-term reference:
Moving north from 119,000 to 118,500, with a defense at 118,000, stop-loss of 500 points, and targets looking at 120,000 to 120,500, breaking level at 121,000.
Moving south from 122,000 to 122,500, with a defense at 123,000, stop-loss of 500 points, and targets looking at 121,000 to 120,000, breaking level at 119,000.
Ethereum:
Ethereum's current price is 4,690. It is now one o'clock in the morning Beijing time. The market continues to recover, and there is no shortage of people chasing prices. Especially in the crypto circle, it’s only when one hits the wall that they turn back. At that time, I hope fellow crypto enthusiasts are still around. Before the publication, Ethereum had already reached a high of 4,738 and a low of 4,562, experiencing another wave of unilateral stretching. The daily K-line is in a strong upward phase, with the most obvious technical indicators being the MACD and Bollinger Bands. The DIF and DEA formed a golden cross above the zero axis and stretched upward. The K-line is also pulling upward around the upper Bollinger Band at 4,572. Only the RSI has entered an extremely overbought situation and needs attention. The four-hour K-line is facing resistance at the top, and a short-term pullback is expected. Friends who like to trade short can try a wave, while conservative friends should focus on buying after a pullback to support.
Short-term reference:
Moving south from 4,700 to 4,750, with a defense at 4,800, stop-loss of 40 points, and targets looking at 4,650 to 4,600, breaking level at 4,550.
Moving north from 4,500 to 4,450, with a defense at 4,400, stop-loss of 40 points, and targets looking at 4,600 to 4,650, breaking level at 4,700.
Suggestions are for reference only, risk is self-borne. $BTC