Morning BTC/ETH Thoughts on August 15
The recent wave of liquidation must have been quite tough for most people! In extreme market conditions, it's hard for anyone to grasp the situation, but I believe that the resilient spirit of those in the crypto world is worth promoting! Regulate your emotions, get back up where you fell, the night is inevitably bleak, but there will surely be dawn ahead!
Yesterday, driven by a series of negative news, the price experienced a sudden drop, with longs being liquidated in shocking numbers, the price once dropped to around 117000, and then slowly rebounded to around 119000. The 4-hour chart still shows a bearish trend, but after a clear divergence between volume and price, the market outlook is still bullish.
For Bitcoin, the recommendation is to go long at 1180-1185 with a stop loss at 800 points and targets at 1192/1202/1211.
For Ethereum, the recommendation is to go long at 4560-4590 with a stop loss at 4500 and targets at 4610/4670/4720.
