老唐说币-

Looking back at yesterday's market, Bitcoin fell from an intraday high of 113429, quickly dropping to around 108000, showing a clear downward trend; Ethereum followed suit, dropping from a high of 4633 to a low of 4264, with a range decline of nearly 400 points. Black Friday lived up to its name. The day's three long and one short layout ended with a small loss, and the market has arrived at Saturday as expected. Whether there will be a rebound, further drop, or sideways movement, we will wait and see.

From the 4-hour candlestick chart, Bitcoin's price has shown an overall downward trend recently, continuously creating new lows, with occasional small rebounds during the decline, but the strength is weak and has not changed the downward trend; from the 1-hour candlestick chart, Ethereum's price has recently experienced a noticeable plunge, quickly dropping to a relatively low point, and then showing some signs of stabilization, but no clear reversal signals have appeared, so the subsequent operation can be to buy low.

Bitcoin suggestion: Short long at 107500-107000; target near 109000
Ethereum suggestion: Short long at 4320-4280; target near 4400

The Saturday of $ETH has arrived, let's change it while watching

The evening layout is still well-founded and definitely not baseless. According to the publicly provided strategy and range from the previous noon, Lao Tang set up a long position in the large pie at 109421. He plans to exit when the price rises to 110936, perfectly capturing a space of 1515 points and marking a perfect end to this week. The market is about to enter the weekend, so let’s wait and see.

From the four-hour chart, Bitcoin's candlesticks show a continuous decline, breaking below the lower Bollinger Band. The short-term downward trend is evident, and if the lower support at 108977 fails, it may continue to test the previous low. Without significant positive news or bullish information, it will be difficult to reverse the downtrend, and it is highly probable that it will follow a fluctuating downward path to look for support levels again. If there is a short-term rebound after an excessive decline, it indicates that there may be some recovery in the price in the short term.

The market did not perform as expected, but we still need to adapt to the situation. The Ethereum long position was entered at 4477 during the midday setup. In the afternoon, the market experienced a downward movement with weak rebounds. We timely cut losses at 4456, incurring a small loss of 19 points. However, we did not give up; instead, we connected with a short position. The market lived up to our expectations, and when the afternoon price dipped to 4377, we successfully exited with a gain of 79 points, recovering our previous losses and additionally securing a profit of 60 points.

From the four-hour chart, the price has broken below the middle band of the Bollinger Bands, entering an oversold oscillation or continuing the downtrend. If the lower support level at 4350 fails, it may continue to test the previous low of 4202. If there is a short-term stop and rebound, the upper middle band at 4521 will become an important resistance level.

Ethereum suggestion: Short position at 109000-108500; target around 110500.
Ethereum suggestion: Short position at 4300-4270; target around 4380.

The daily chart of Ethereum shows that the recent price is fluctuating around 4500. After a large bullish candle on August 26, it has consecutively closed with two bearish candles, forming a high-level correction trend.
- In the 4-hour timeframe, the price has gradually dropped from the 4593 level to 4458, showing a short-term downward trend. The current candlestick is approaching the previous low area (4432-4440).

From the one-hour perspective, there has been a short-term increase in price comparison, but it is currently in the process of retreating from a high (113429); in terms of K-line pattern, it has experienced a movement from decline to bottoming rebound, then to a high surge and retreat, and finally arriving at a consolidation phase. The short-term trading behavior is clearly apparent.

The Bollinger Bands have shifted upward, with the opening showing a contraction followed by a consolidation trend, indicating that the trend has expanded from a rebound to a range trading in the short term. There is pressure on the upper band and support on the lower band. We need to observe whether the rebound trend can continue. If it can hold around the mid-band at 112600 and increase in volume upwards, the bulls are expected to regain an advantage; otherwise, it will return to a low-level consolidation.

Bitcoin suggestion: Long at 112000-111500; target around 113500
Ethereum suggestion: Long at 4480-4450; target around 4550

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A new day has begun, Black Friday has arrived as scheduled, everyone stay calm, just follow Old Tang's thoughts, and making money will be easy. $BTC #比特币盈利钱包数量新高

As long as you follow Lao Tang's train of thought, there is still room for profit on Friday. There is no need to doubt the strength in this area; these are all things that are laid out in front of you. $ETH #比特币巨鲸换仓以太坊

8.29 Morning Bitcoin Thoughts
Last midnight, Bitcoin fell from 113429 to 111829 and then rebounded; Ethereum similarly dropped from 4616 to 4430 before stabilizing and rebounding.

The strategies and ideas have already been provided to everyone. Friends who want to keep up should seize the time. While you are still hesitating and observing, others have already secured their profits of $BTC #币安HODLer空投DOLO .

Friday has arrived, will the market trend bullish or bearish, let's wait and see. The strategy has been provided to everyone. Whether to profit or be stuck, the opportunity is in your own hands. $BTC #美国宏观经济数据上链

Bitcoin morning rebound 4505-4535 short, 112400-113000 short.
Ethereum target focus 4450-4420, 111200-110500.

The ideas and strategies have been provided in advance, and the points have also reached the range. I don't know if everyone has kept up. $BTC #美国宏观经济数据上链

【Market Review】Bitcoin has fallen below the 112500 mark as expected, dipping to a low of 111800 before rebounding to around 111870
【Technical Analysis】There is strong support in the 111500-111800 range for Bitcoin, with a reduction in 4-hour MACD momentum and RSI showing bullish divergence indicating oversold conditions. If it can hold above the 112500 resistance, there is a chance to target 113800-114200.

In this situation, who would go long on Ethereum?
There are so many trapped positions and short positions above! A small increase will easily be pushed down!

Don't get too carried away with short-term Bitcoin, near 111600-112000 watch for levels around 113000-113300, if it can't go up just walk away.
If it falls below 111400, immediate adjustments are needed.

Ethereum just rebounded to above the 4-hour support of 4450 after touching the daily support of 4425. This position can be used to appropriately open a long position for further speculation, with the stop loss set at the daily support of 4425, aiming for a 30-point gain before exiting.

Yesterday's market has passed, Black Friday has arrived as scheduled, let's see whether the market will surge or dive, or move in a volatile manner. $ETH #美国宏观经济数据上链

The overall trend of Ethereum follows Bitcoin, after a high-level rebound, it continues to weaken and is approaching the lower support area. The upper range of 4600-4650 is a strong resistance zone, and if it cannot break through with increased volume, further upward movement will be difficult; the lower range of 4450-4400 is key support, and once it breaks, the price will test 4320-4280.

The Bollinger Bands indicator shows that the Ethereum price is operating within the channel of 4648.99 and 4432. Attention can be given to the support and resistance effects of the upper and lower bands of the channel on the price.