🍏September 1st midday market view.🍏
$BTC Viewpoint:
Bitcoin volume broke through 108161, closing above the 108161 hourly level, chase long on the right side, stop loss on break.
107925 volume broke down, unable to recover on the rebound, chase short on the right side, short here is very close to the previous low, there is not much space for further decline, can only short unless breaking the previous low to recover stop loss for the short position, pay attention to volume changes, and maintain stop loss.
107139 fake breakdown appeared, recover and add one more long, stop loss at the fake breakdown low or below 106291, if it can't recover, don't long.
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Bitcoin hourly level broke and stabilized at 108373, looking up at 108835-109496, if it can't break through 109496, it won't rise.
When shorting Bitcoin, pay attention to the upper 109496 where there are 2 fake breakouts, short one position, stop loss if stabilized above 110322.
Conservative players wait: long at 106323, stop loss if breaking 105213.
Is the first day of September starting with a decline? The range has been broken, the downward trend line has been broken, if Bitcoin can make a move to seize the liquidity near the previous low and form a fake breakdown recovery, that would be best; this type of movement is also an excellent position for you to long on the left side. If the previous low is broken, you can only look at 106207 support, now the lower boundary of the range is the resistance level for Bitcoin; if it can recover back into the range, Bitcoin's hourly level will stop falling, to rise it needs to break through the central axis of the range, it can only start rising after breaking through the range, otherwise it won't rise.
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Upper pressure 108835-109496-110322
Lower support 107238-106285-105191
4-hour level 107378 broke down unable to recover looking down at 106207-105035, this is not what I want to see.
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$ETH Idea:
Ethereum volume broke through 4417, chase long on the right side, recover stop loss.
4367 volume broke down, chase short on the right side, maintain stop loss.
Pull back to 4309 to confirm support effective, add one more long, stop loss at 4361.
Ethereum hourly level stabilized at 4432 looking up at 4479-4527.
Be aware of 4494 on Ethereum for a short position, stop loss if breaking 4534.
Left side order: long at 4206, stop loss at 4186.
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Upper pressure 4432-4479-4527
Lower support 4336-4255-4206
4-hour level 4328 broke down looking down at 4267-4207, Ethereum looks bearish flag shape broken, as long as the hourly closing price is not below 4372, there is no need to worry; if it breaks down, also look at the previous low nearby, if it hasn't broken 4372, Ethereum hasn't shown a low point, meeting adjourned.
$BTC
#加密市场回调