2024.8.26 Today's market analysis: ##btc ##eth

A new week, a new atmosphere. After breaking through the shock range in the early morning of last Saturday, it has been sideways at a high level for the past two days. This week will see a more interesting market. From the data, we can see that there are currently a lot of short sellers and contract positions. This is the solidification of thinking formed by the previous wide shock market. It is not wrong to say that it is wrong, but think about it, is this a thinking trap?

The weekly big positive line, which appeared in the case of a cross star in the previous two weeks, undoubtedly represents the strength of the bulls. Since it is strong, it should continue to maintain the main retracement and long. The upper repair arrangement pays attention to the suppression of 0.786 (65545) and the suppression of the weekly entity closing price near 68200. If there is a change in the pattern, you can consider light positions to try short orders and try callback actions.

The daily level will be clearer. The only rising positive line in the previous wave of decline is the key. It is expected that the market will fluctuate here. Yesterday's daily line closed with a long upper shadow cross star, and there is a need for a callback. The strength of the callback is considered. In addition, the previous big positive line has a gap that needs to be filled. The possibility of stepping back here has increased a lot, but it is still considered to follow the trend. It will be more comfortable to take long orders when it falls.

1 hour, there was a false breakthrough this morning, so the potential goal is to see through the lower edge of the range. If a false breakout is made to recover 63500, you can consider trying a long order. Below is the support situation of the big positive line gap 62307-62649. After the filling, a small-level structural change can be considered for a long order.

As for ETH, as we all know, 2800 is a key pressure position. Now there is a range of fluctuations near 2800. We tend to think that this is a preparatory action, a breakthrough action, but we need to have a suitable form before we can consider intervention. Then the big positive line gap 2698-2711 below has become the current key. If the gap is filled and the lower edge of the range 2729 is quickly recovered, it is a good opportunity to open a long order. The goal is to see through 2800 and stabilize and continue to attack.

Since the overall market is already bullish, we should follow the trend and stand on the side of high probability. Don't always think about bottoming out and touching the top. This behavior is very risky.