六出纷飞
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8.10 Evening Analysis | BTC & ETH
In the afternoon, I advised the brothers to buy around 4160 for ETH, with an automatic take profit at 4130, yielding 70 points. This week has been ETH's solo performance; we have basically not traded the major coin. Below, I will analyze how to trade ETH going forward.
Regarding BTC, it continues the rebound momentum from yesterday. From a technical perspective, the daily chart is still above the short-term moving averages, indicating that the bullish structure has not been broken. However, there is significant selling pressure around 119000-119800 on the hourly level, and the volume did not expand during the rise. In this range, we can make a short position.
Pay attention to the support levels at 116700 and 115200; if it breaks below, we will see a deeper adjustment.
Regarding BTC, it continues the rebound momentum from yesterday. From a technical perspective, the daily chart is still above the short-term moving averages, indicating that the bullish structure has not been broken. However, there is significant selling pressure around 119000-119800 on the hourly level, and the volume did not expand during the rise. In this range, we can make a short position.
Pay attention to the support levels at 116700 and 115200; if it breaks below, we will see a deeper adjustment.
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