BTC/ETH Insights on August 27
The way of trading is akin to sailing on the sea; the market is the wind and waves, while the mindset is the helm. The wind and waves are hard to control, but holding onto the helm tightly can help one not to lose direction or panic amid the ups and downs.
Rather than chasing short-term fluctuations, it's better to cultivate the right mindset: view gains and losses rationally, avoid being swayed by emotions, stick to the trading plan, refrain from blindly following the crowd, and maintain respect for the market without harboring illusions. Once the mindset stabilizes, one will discover profitable opportunities in the market, hidden within calm judgment and patient waiting.
From the chart, the 4-hour price is still constrained by the middle band of the Bollinger Bands; resistance remains at 113,000. If it cannot stabilize above this level, we expect a pullback during the day, with support at 1105-1096-1085.
For Bitcoin, short at 1116-1123, resistance at 1131, target 1105-1096-1085.
For Ethereum, short at 4612-4648, resistance at 4696, target 4540-4490-4400.
