Breakthrough leads to a rebound, breakdown leads to a pullback, just follow the trend
YUEBANXIAN
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BTC, ETH trend analysis and opening strategy on August 26
BTC
Current price: 109836
24-hour decline: -3.24%
MA: Short-term (MA(5)) slightly below medium-term (MA(25)), but long-term (MA(99)) is still declining, indicating significant selling pressure.
MACD: Both DIF and DEA are negative, and DIF is below DEA, indicating a strong downward trend.
Support level: 108559, if the price breaks this support, it may continue to test downward.
Resistance level: 113514, if it breaks this level, a rebound may occur.
Opening strategy:
If the price approaches the support level of 108559, consider going long, but set a stop loss below 108000.
If the price breaks 113514, consider going short, with a stop loss set close to 115600.
ETH
Current price: 4401
24-hour decline: -7.37%
MA: Short-term MA(5) is downward, indicating that there is still a downward risk in the short term. MA(25) is below MA(99), indicating an overall bearish trend.
MACD: Both DIF and DEA are negative, and DIF is below DEA, remaining in a bearish market.
Support level: 4310, if the price breaks this support, it may further decline.
Resistance levels: 4708, 4828, 4950, if it breaks this resistance, a rebound may occur.
If the price approaches the support level of 4310, consider going long, with a stop loss around 4250.
If the price breaks 4700, consider shorting in batches, with a take profit set close to 4600.
Both BTC and ETH are under short-term downward pressure. Based on current technical indicators, it is recommended to try going long near the support level, but be sure to set appropriate stop losses to cope with potential further downward risks. Also, pay attention to possible rebound opportunities after the price breaks resistance levels.
24 hours: Is BTC rebounding to 115500 or breaking below 108000
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.
