Thoughts on the evening of August 22:
From the perspective of technical structure, there are many long and short conversions in the recent trend on the daily line, but there is not much continuity between the long and short. With the market fluctuating for many days, the boll shows signs of closing, which means that the market range will shrink accordingly. The 4-hour trend is very obvious. The coin price has continued to fluctuate and adjust since the previous stretch. The coin price continues to fluctuate around the upper and lower tracks of the Bollinger Bands. At present, it is still in the box structure on the day, and the short-term coin price is also at a high level in the 4 hours. The upper pressure is still relatively strong. So the operation should still be treated with a high-altitude mindset
Operation suggestions for Thursday afternoon
BTC around 61500, target 59500-58000
ETH around 2670-2640, target 2560-2530
Now is not a bear market cycle, but a bull market cycle. In the early stage, Bitcoin was basically rising. The cottage industry had to wait for Bitcoin to rise to a certain price and then go sideways. Then the funds overflowed before the cottage industry began to slowly exert its strength. The key is to see when Ethereum, the leader of the cottage industry, will start to start. I personally feel that it is fast!
