Trading Academy August 26 Market Analysis

💡 Let's talk about why there was a significant drop this morning. Around 03:00 Beijing time, the cryptocurrency market experienced another sudden downturn, attracting widespread attention. From the news perspective, there were no major macroeconomic data releases, important regulatory policies implemented, or industry black swan events that day, which is in stark contrast to previous declines driven by external factors. The core reason points to concentrated selling by whales.

📈 Market Analysis:

1. $BTC has already fallen to the crucial support level of 110,000 for bulls. If a reversal signal appears here, it can still be bought long, and the risk-reward ratio for long positions is the best at this point. However, the risk of breaking below this level is also quite high, so opportunities and risks coexist. While looking for long opportunities, one must pay attention to the risk of breaking below 110,000; if it breaks, a significant change in trend will occur, and long positions need to exit!

2. $ETH's daily candlestick from yesterday shows a very large bearish structure has appeared, so the direction for Ethereum in the coming days can be confidently identified as a bearish trend. It's just a matter of when to participate. Currently, there is support at the 4,400 level, so wait for a slight upward rebound before shorting at a higher level.

3. Most mainstream altcoins have currently reached key support levels. The premise for entering is that Bitcoin stabilizes, and a reversal signal appears at the key support level.

🎯 Trading Plan:

1. Enter long when Bitcoin shows a reversal signal at 110,000.

2. Enter short when Ethereum rebounds to around 4,480 and shows pressure to fall back.

3. Popular altcoins: - SOL currently at 188.4, with a 4-hour MA120 support level at 186.92; - ADA currently at 0.84, with a 4-hour MA120 support level at 0.86; - DOGE currently at 0.21, with a daily MA120 support level at 0.2.

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