Yesterday it was said that a trend change was coming, and indeed it has changed, it's really exaggerated; I didn't expect it to change like this. It was just $44 away from breaking the end-of-month target of 5000.
Today there are no major news or significant announcements. During the daytime Asian market, it should be difficult to add positions. We can only see if there is hope tonight.
The weekly chart for BTC has already formed a dead cross.
Today's Market (1 Day)
BTC Current Price: 111980, looking at 103888 (first look at 110500 where there will be a rebound), resistance 113888
ETH Current Price: 4640, looking at 4388 (first look at 4523 where there will be a small rebound), resistance 4888
End-of-Month Market: ETH aims for 5000, BTC aims for 128888, expected to be completed by the end of the month. (ETH is just $44 away from 5000, and now it faces huge selling pressure; it needs time to recover. Let's consider this target completed. You guys cannot fixate on 5000.)
Early September Market: From early September to around September 20, ETH will drop to around 3500, BTC will drop to around 100000. (If it drops early, there will be changes here; we will adjust this position after tonight.)
Medium to Long-term Market: BTC aims for 138888, ETH aims for 5500, expected to be achieved around October 15.
Long-term Market: ETH looks at 8888, BTC looks at 148000, to be completed by the end of December.
Today there are no major news or significant announcements. During the daytime Asian market, it should be difficult to add positions. We can only see if there is hope tonight.
The weekly chart for BTC has already formed a dead cross.
Today's Market (1 Day)
BTC Current Price: 111980, looking at 103888 (first look at 110500 where there will be a rebound), resistance 113888
ETH Current Price: 4640, looking at 4388 (first look at 4523 where there will be a small rebound), resistance 4888
End-of-Month Market: ETH aims for 5000, BTC aims for 128888, expected to be completed by the end of the month. (ETH is just $44 away from 5000, and now it faces huge selling pressure; it needs time to recover. Let's consider this target completed. You guys cannot fixate on 5000.)
Early September Market: From early September to around September 20, ETH will drop to around 3500, BTC will drop to around 100000. (If it drops early, there will be changes here; we will adjust this position after tonight.)
Medium to Long-term Market: BTC aims for 138888, ETH aims for 5500, expected to be achieved around October 15.
Long-term Market: ETH looks at 8888, BTC looks at 148000, to be completed by the end of December.
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ETH
4,304.04
-3.96%