High-level consolidation with cautious selling pressure, a pullback to this position can be used for incremental buying! 8.24 Bitcoin strategy

On Friday, bulls exploded, bottom-fishing at the lowest point, Ethereum gained nearly 700 points, while Bitcoin also gained 4,500 points. Currently, Ethereum has exited, while Bitcoin is still held!

From a technical perspective, the daily chart shows a downward hanging candle, which is clearly a retracement market from a technical standpoint. The Bollinger Bands are slowly narrowing, the KDJ three lines are golden cross diverging upwards, and the MACD double lines are also turning upwards. Volume is decreasing, and the overall trend remains bullish, so for intraday operations, Conan suggests focusing on buying low! Key resistance levels above to watch are 117,500, 118,500, 119,200, and 121,000, while key support levels below are 115,800, 114,700, 114,000, 113,000, and 111,600. For Ethereum, the resistance above to watch is 4,820, 4,890, 4,950, and 5,000, and the support below is 4,670, 4,570, 4,380, and 4,200.

8.24 Bitcoin long strategy: Aggressive traders can enter long on a pullback at 114,500-114,800, while conservative traders can enter long at 113,000-113,500, with a stop-loss near 112,500. The target is 116,000-116,500-117,000-117,500, and if broken, targets are 118,000-118,500-119,200. Continue to adjust stop-loss and take profit as needed!

8.24 Ethereum long strategy: Aggressive traders can enter long on a pullback at 4,620-4,650, while conservative traders can enter at 4,550-4,580, with a stop-loss near 4,510. The target is 4,700-4,750-4,800, and if broken, targets are 4,820-4,890. Continue to adjust stop-loss and take profit as needed!

Short strategy: Aggressive traders can short Bitcoin on a rebound at 117,000-117,500, with a stop-loss near 118,000. The target is 116,500-116,000-115,500, and if broken, targets are 115,000-114,500.

Aggressive traders can short Ethereum on a rebound at 4,850-4,880, with a stop-loss at 4,930. The target is 4,800-4,770-4,750, and if broken, targets are 4,700-4,650.

The weekend turnover rate has decreased. As of Friday, the buying and selling ratio is relatively balanced. The market's next trend will likely depend on Monday's opening of the U.S. stock market. After a weekend of cool reflection, the market will likely reconsider the implications of Powell's speech. The chart indicates that Ethereum does not want to drop, but Bitcoin is weak, and may continue to rise only next week. Everyone should be cautious with selling pressure! #ETH创历史新高 #杰克逊霍尔会议