🥕Market Analysis on August 20.🥕
$BTC Opinion:
The major currency has broken through 113284 with volume, and the hourly level closing price is above 113284; go long on the right side, stop-loss if it breaks.
If it drops below 112661 with volume and fails to recover, go short on the right side, recover stop-loss, and pay attention to the volume change, manage stop-loss well.
If it fakes a drop at 111850 and recovers, add one more position; stop-loss is at the fake drop low or below 110880. If it can’t recover, don’t go long.
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The major currency has stabilized above 113543 at the hourly level, looking upwards at 114770-115663. If it can’t go up from 113543, it’s useless.
For shorting the major currency, pay attention to the upper level at 115640 for a 2b fake breakout; short with light positions, and stop-loss if it stabilizes above 116689.
Conservative players wait: long at 110523, stop-loss below 109717.
The wedge drawn in the hourly chart of the major currency has been completely broken down; if it cannot recover to run inside the wedge in the coming time, the risk of decline remains unresolved.
Currently, the major currency is on the support level of 112500, gaining support and not continuing to decline, forming a consolidation after a drop.
If it can’t hold, it will drop again, and there will be a fake drop to the previous low of 111850, touching down to 110880 before recovering to 111850.
If 112500 can hold, it will form a double bottom with the position indicated by the white arrow ahead, which is the best outcome.
Today, the major currency will move within the range of 113535-112500, and it’s uncertain how long it will consolidate before showing a direction.
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Upper resistance: 113543-114770-115663
Lower support: 112500-111515-110542
At the 4-hour level, if 112500 is broken down, look down to 111540-110506; if 112500 cannot recover, then it’s over.
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$ETH Thought:
The secondary currency has broken through 4137 with volume; go long on the right side, recover stop-loss.
If 4102 breaks down with volume, go short on the right side, manage stop-loss well.
If it pulls back to 4056, confirm that support is valid, add one more position; stop-loss below 4000.
The secondary currency has stabilized at 4165 at the hourly level, looking upwards at 4205-4234.
Pay attention to shorting the secondary currency at 4234, stop-loss at 4270.
Left-side order: long at 3939, stop-loss below 3887.
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Upper resistance: 4165-4205-4234
Lower support: 4056-4005-3946
At the 4-hour level, if 4053 breaks down, look down to 4005-3967; as long as it doesn’t break 4000, there’s no need to panic. The secondary currency will only start to rise when it can break this yellow descending trend line; if it can’t break, it won’t be able to rise either, end of meeting.
