8.25 Monday evening Bitcoin and Ethereum market analysis and trading suggestions: From the current market trend, the bearish pressure is continuing to test the key support levels below. Observing the candlestick patterns, although the bears are in an advantageous position, the bulls still show some defensive willingness at key price levels. The bullish counterattack is indeed quite weak, with several tentative rebounds failing to break through the intraday moving average pressure. Considering that the US market session is about to begin this evening, it is advisable to maintain a cautious attitude, first focusing on the defense strength of the support level below, and then on the market sentiment transmission after the US stock market opens. In terms of specific trading strategies, a prudent wait-and-see attitude is recommended, waiting for the market to provide a clearer directional signal. After observing the market reaction post US stock market opening, decide whether to enter the market. If there is a significant breakout of key resistance or support, it may be worth considering following the trend.
Bitcoin: Short near 111500-112000, short-term target 110000, if broken look at around 109000.
Ethereum: Short near 4620-4650, short-term target around 4450, if broken look at around 4350.#ETH创历史新高 #美联储降息预期 #美国初请失业金人数