Evening of 8.25
On the daily chart, today we see a decrease in volume for the KDJ and MACD bullish indicators, while the short-term indicators show a slight downward fluctuation. The upper Bollinger Band is narrowing (indicating increased selling pressure at the highs). Currently, the daily KDJ, MACD, and Bollinger Bands are exhibiting strong bearish resonance. The main chart's three-day moving averages are strongly aligned downward, putting pressure on prices, and today the price closed below the three-day moving averages. Therefore, a short-term decline is expected. In terms of trading strategy, it is advisable to take a short position during a rebound. Specific levels to consider:
Bitcoin can be monitored around: 112500 - 113200, with a target of 110500-110000
Ethereum can be monitored around: 4600 - 4700, with a target of 4520-4450
#eth #BTC $BTC $ETH
On the daily chart, today we see a decrease in volume for the KDJ and MACD bullish indicators, while the short-term indicators show a slight downward fluctuation. The upper Bollinger Band is narrowing (indicating increased selling pressure at the highs). Currently, the daily KDJ, MACD, and Bollinger Bands are exhibiting strong bearish resonance. The main chart's three-day moving averages are strongly aligned downward, putting pressure on prices, and today the price closed below the three-day moving averages. Therefore, a short-term decline is expected. In terms of trading strategy, it is advisable to take a short position during a rebound. Specific levels to consider:
Bitcoin can be monitored around: 112500 - 113200, with a target of 110500-110000
Ethereum can be monitored around: 4600 - 4700, with a target of 4520-4450
#eth #BTC $BTC $ETH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
109,780.01
-2.95%
ETH
4,374.57
-7.81%
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
