8.22 Early Morning Bitcoin and Ethereum Market Analysis: Short-term Slight Decline Possible, Low Position Longing Remains the Main Strategy
Yesterday's Market Review: Roller Coaster-like Volatility, Clear Boundaries
Yesterday's market was like a roller coaster, fluctuating back and forth but with a clear range—there's pressure above that prevents it from rising, and support below that keeps it from falling. Overall, the volatility is not significant. Ethereum has recently started to "catch up"; after dropping near the lower boundary, it rebounded nearly 300 points. The bullish momentum is quite strong, and each decline has been quickly recovered, so the operation should still aim to go long at low positions.
Four-hour Trend: Bollinger Bands Opening Downward, Rebound Strength Weakening
Looking at the four-hour trend, the Bollinger Bands are opening downward, and the price has attempted to break through the middle band several times but has not succeeded. The pressure above is increasing, and the strength of the rebound is gradually weakening, so in the short term, it might go down a bit more. However, there are already signs of "bottoming out" below, so it is still possible to wait for the drop to go long.
Short-term Forecast and Operation Suggestions: Slight Decline Possible, Long at Low Positions
Summary: There may still be slight declines in the short term, but there is support near the lower boundary, so it is advisable to go long at low positions and avoid chasing highs.
Specific Operations:
btc: If it drops to around $115,000 (lower boundary support), a small position can be tried for longing, with a stop loss set at $114,000; if it rebounds above $118,000, consider reducing the position. Ethereum: If it drops to around $4,100 (lower boundary support), it can be bought in batches, with a stop loss set at $4,050; if it rebounds above $4,250, pay attention to whether it can break through the middle band pressure.
Risk Warning: Recent market sentiment is cautious. If Bitcoin drops below $114,000 or Ethereum drops below $4,050, be alert to further retracement risks and set stop losses strictly.
The cryptocurrency market is highly volatile, and operations need to be flexible. Wish everyone a smooth trading tonight!
