The concubine's perfect stop has arrived, from 3569 to 3683, securing 114 typical spaces! 22711 oil! Contentment is happiness, do not be greedy, everything should be based on stability! $BTC $ETH
Let's briefly discuss my personal views on the current trend of Bitcoin and Ethereum:
1. As long as BTC does not create new lows, it can be considered healthy. As long as it maintains sideways movement or oscillates upward, it will positively support ETH. $BTC
2. ETH has returned to a key range, the trend is intact, and combined with the strong exchange rate against BTC, there is a chance for trend continuation. Attention should be paid to recent high points and weekly pressure; a breakthrough is expected to trigger an acceleration in the market. $ETH #加密市场反弹
BTC maintains a fluctuating pattern during the day, with limited volatility for long and short positions.
In terms of operations, one can continue to rely on the range of 113900-114300 to place orders, with upward targets aimed at the 115800-116600 area.
If the price reaches the target range but fails to form an effective breakthrough, or if there are signs of weakening rebound momentum during the US trading session, one may consider reversing positions accordingly. $BTC $ETH
After a rebound at a small level, Ethereum's price stabilizes above the middle band of the 4-hour Bollinger Bands and enters a phase of narrow range consolidation. The current price is facing resistance, with insufficient upward momentum, showing a fragmented decline; in the short term, the Bollinger Bands are showing a narrowing characteristic.
Therefore, it is not advisable to favor a one-sided trend in the afternoon; it is recommended to treat it with a range mindset.
Short-term resistance is referenced at 3580-3600, and short-term support should be observed at 3500-3450. $BTC $ETH
Short-term trades should enter and exit quickly, set the pattern to ensure capital preservation, move the stop to welcome, and take profit for safety! $BTC $ETH
If Bitcoin breaks through 116,000 USD, the cumulative clearing intensity of mainstream CEX will reach 756 million.
On the contrary, if Bitcoin falls below 113,000 USD, the cumulative clearing intensity of mainstream CEX will be 452 million.$BTC $ETH #币安Alpha上新 #加密市场反弹
In the short term, BNB lacks rebound momentum, encountering resistance at 760 and retracing. The technical structure is weak, and rebounds can be relied upon.
Pay attention to the resistance at 755-757, with a target of 745-740. Be mindful of the strength of the rebound and set a stop loss to control risks. $BTC $ETH $BNB
Today's new student ➕1⃣️ Observing the K-line ten thousand times is not as good as trying a trade in real-time once. The feeling of trading can only be experienced by those who dare to enter the market. $BTC $ETH #加密市场反弹
Ethereum is currently at the tail end of a major cyclical fluctuation, forming a flag pattern. The upper resistance is around 4000, while the lower support is in the 3500 range, which corresponds to previous moving averages and a dense area of positions.
The daily indicators show clear support, with a short-term expectation of a rebound; if the upward movement fails, it may drop to 3200. In terms of operations, the main focus is on gradually accumulating positions during dips. $BTC $ETH
Currently, Bitcoin is in a high-level consolidation phase. The daily candle on Sunday recorded a solid bullish candle, ending the previous streak of bearish candles, and the market has entered a correction period.
From a four-hour perspective, the price shows an almost unilateral bullish trend with a small bearish pullback releasing short-selling pressure. The price has now broken through and stabilized above the middle track, and there are no signs of weakening bullish momentum yet. One can follow the trend and establish long positions at lower levels to extend the current bullish market.
After XRP hit the bottom and rebounded, it is currently facing resistance at the mid-line of the 4-hour chart, and the rebound momentum is relatively weak.
One can set up to short around 2.95, initially targeting the 2.6-2.7 range; if it breaks below, the next step may be to test the 2.4-2.5 line. $BTC $ETH $XRP
In the recent price fluctuations, the price of Ethereum has stabilized around $3500, showing a consolidation state, which usually indicates that funds are gradually accumulating.
If it can break through $3650, while the trading volume also significantly increases, it may suggest that a new round of rises is about to come. $BTC $ETH
Market sentiment is bearish! The funding rates of mainstream exchanges show a generally bearish outlook.
On August 3rd, Coinglass data indicates that the current funding rates of major CEX and DEX reflect strong bearish sentiment in the market. The funding rate is a mechanism that balances the price between longs and shorts in perpetual contracts; if it is below 0.005%, it indicates a dominance of shorts.
Currently, the funding rates of mainstream cryptocurrencies show that investors have a cautious attitude towards the future market. $ETH $BTC