🍋August 24th midday market view.🍋
$BTC 's view:
The main cryptocurrency broke through 115530 with volume, closing above the 115530 hourly level, pursue long positions on the right side, and set stop-loss if it breaks.
When it breaks down below 115239 with volume and cannot recover on the rebound, pursue short positions on the right side and set stop-loss upon recovery. Pay attention to changes in volume and manage stop-loss carefully.
If it fakes a breakdown at 114758 and recovers, add a long position, set stop-loss at the fake breakdown low or if it breaks below 113580, do not hold if it cannot recover.
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The main cryptocurrency has broken through and stabilized above 115655, looking upwards at 116115-117288; it can only continue to look upwards if it stabilizes at 117288.
For shorting the main cryptocurrency, be cautious of the 116529 level where a 2b fake breakout appears, short one position, and set stop-loss if it stabilizes after breaking through 117288.
Conservative players wait: Long at 112690, set stop-loss if it breaks below 111623.
The main cryptocurrency has again dropped back into the expanding megaphone pattern, it is really weak. It also retraced to the 114700 position and found support for an upward rebound. Look at the volume rebound circled in yellow below, it is too weak; those who entered long at 114700 should consider exiting!
The main cryptocurrency's rebound cannot break through the neck line marked by the yellow line at 116023 and may retrace again to 114700. The first retrace to support usually has the highest rebound, but now it has only rebounded a few hundred dollars. There has been no higher high, and if the rebound fails to produce a higher high and breaks below 114700 again, then wait at 113500!
On the left side, wait to enter long in batches at 113500-112132; if it breaks the previous low and cannot recover, set stop-loss.
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Upper pressure: 115655-116115-117288
Lower support: 114759-113561-112132
If it breaks below 114485 on the 4-hour level, look downwards at 113520-112026.
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$ETH 's idea:
The secondary cryptocurrency broke through 4792 with volume, pursue long positions on the right side, and set stop-loss upon recovery.
When it breaks down below 4766 with volume, pursue short positions and manage stop-loss carefully.
The support at 4672 is indeed valid, add a long position, set stop-loss at 4637.
The secondary cryptocurrency has stabilized at 4790 on the hourly level, looking upwards at 4848-4888.
Pay attention to shorting at 4848, set stop-loss if it breaks the previous high.
Left side orders: Long at 4565, set stop-loss if it breaks below 4522.
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Upper pressure: 4790-4848-4888
Lower support: 4666-4606-4566
If it breaks below 4676 on the 4-hour level, look downwards at 4610-4539. The secondary cryptocurrency has been operating at the upper boundary of the price channel, as long as it does not drop back into the price channel, the secondary cryptocurrency will maintain its strength. Meeting adjourned.
