The bearish outlook for the day perfectly aligns with market trends, and U.S. stocks are also opening lower! Although I made over a hundred points by shorting Ethereum with a light position last night, there has been a significant pullback during the day. Ethereum does not want to drop, but Bitcoin is too weak, and Ethereum is still being dragged down. However, the hourly chart for Bitcoin shows signs of a double bottom, and since the KDJ for Ethereum has formed a golden cross, we can try going long tonight!
Evening plan for August 25:
Go long one lot of Bitcoin at the current price of 110500-110800, with a stop loss below 110000. Aim for the area around 111500-112000, if it breaks, look for 112500-113000-113500. Continue to move the stop loss to protect profits based on the situation!
For Ethereum, enter long at the pullback of 4570-4600, add more near 4520, with a stop loss around 4470. Aim for the area around 4650-4700, and then target 4750-4780-4820, moving the stop loss to protect profits based on the situation! #ETH创历史新高 #美联储降息预期