Analysis and Trading Suggestions for the Night of August 25 for Bitcoin

From the 1-hour candlestick chart of Bitcoin, there was a downward spike in the early morning. Although there was a rebound in the morning, the momentum was limited, and it stalled near the 113500 point level. Subsequently, it entered a continuous downward trend, and the current pressure level around 111000 points is also quite precarious.

However, there is no need for everyone to panic; the subsequent trading strategy will still focus on buying low. The early morning spike basically confirmed the low point position. As long as the new low around 110300 points is not broken, one can boldly layout short positions, just need to patiently wait for the market to develop.

Currently, the two MACD lines are running down and are close to the bottom, indicating that the bearish momentum is gradually weakening, which suggests that bullish strength is about to exert itself. At the same time, the three KDJ lines are also running down and are about to hit the bottom, showing signs of a rebound trend, which further strengthens the overall strategy of buying low.

Trading Suggestions:

For Bitcoin, buy near 110200 and 110900, with a target towards 111500. If it successfully breaks through 111500, it can continue to look up to 112800; if it fails to break through, consider reversing to short;

For Ethereum, buy near 4520-4560, with a target towards 4630-4680, and if it breaks through, continue to look up to 4730.

(Personal views are for reference only; all are subject to real trading!)#ETH创历史新高 $BTC $ETH