August 25th BTC/SOL/ETH Contract Long/Short Analysis: Finding New Opportunities in Converging Oscillations

It's a new week again, and the market swindlers launched another early morning airstrike, sending Bitcoin plummeting to 110,500. The weekend section chief also warned against imagining a sudden V-shaped reversal. After the effects of Viagra wear off, you'll understand that this is still a range of fluctuations, not a violent upward trend.

$BTC Bitcoin's short-term support today is at 116,700, with deeper support at 110,800. If the upper resistance level of 113,700 holds, consider the possibility of a support-resistance exchange, moving to the resistance level near 114,600. A pullback to the upper resistance level of 115,500 is possible.

$SOL Short-term support at 206 remains strong, but if it breaks below 206, watch for support at 203 and 198. If the upper resistance level of 211 can be successfully broken, the possibility of resistance at the 219-day moving average should be considered.

$ETH Current short-term support lies at 4580 and 4490. Once the upper resistance level of 4777 is re-established, consider the possibility of a reversal of support and resistance to the resistance level at 4850. A pullback to the upper resistance level of 4933 is also possible. A long position at 4490 is a safe bet.

In summary, the overall market trend is consistent with our previous assessment, and we have acted accordingly, bottom-fishing the market below the lower daily moving average and taking profits. The daily moving average is still in a converging range, so short-term traders should be cautious and wait for new opportunities amidst the volatility. (We provide you with the latest market analysis and precise pinpoints daily. Long and short positions are for reference only. Strict stop-loss and take-profit orders are recommended. Section Chief's exclusive invitation code for a 20% discount on commissions is KEZHANG888.) #美联储降息预期