8.27 Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions

Knowledge can be learned, strategies can be optimized, but the cultivation of mindset is something no one can do for you. Behind your trading records reflect your character, your choices, and your perspective. Looking back at the morning market, Bitcoin started to rebound in the early hours, rising from a low of 109,450 to a high of 112,371, and then began to pull back. Ethereum's movement was not as pronounced as Bitcoin's, as it rose to a high of 4,633 before pulling back to a low of 4,538. We also placed a short position during Bitcoin's pullback, capturing several hundred points before exiting, leading our students to profit as well.

According to the current market situation, the four-hour level shows that after a rebound with two consecutive bullish candles, the momentum has stalled. The bullish momentum has not pushed the price to continue breaking upwards, and the long upper shadow of the bullish candle indicates strong selling pressure from the middle band of the Bollinger Bands, which suggests that the market may face a reversal downwards. From the one-hour level, the market shows five consecutive bullish candles reaching a peak before facing resistance and pulling back. Currently, the price has also retraced above the middle band of the Bollinger Bands, and the KDJ indicator's three lines are turning down from the overbought zone, indicating a potential death cross formation. Therefore, for the afternoon trading, we will proceed with a high short strategy.

In the afternoon, Bitcoin can short at 111,500, targeting around 109,500.

In the afternoon, Ethereum can short at 4,590, targeting around 4,500. #比特币 $BTC