Focus on the 180 position in the evening. After stabilizing, there is a possibility of a rebound on the 1-hour level, with target ranges around 183, 185, and 190.
If 180 cannot be reached for a long time, the rebound will lack momentum, with support at 177, 173, 170, and 167 nearby.
If Bitcoin continues to fall, pay attention to the support strength in the range from 1126 to 1118; there is a small support level around 4160 and 4140.
Tonight, Bitcoin can be monitored at the point of 114760. Only if it manages to stay above this level on the hourly chart, a rebound may be brewing. The pressure areas above are around 116800, 117880, and 118560.
If the rebound strength is insufficient and it cannot hold above 114760 for a long time, the initial target for a pullback is 113510. Once this level is broken, be cautious of the support levels below at 112750, 111860, and 111100.
For Ethereum, whether tonight's rebound can be sustained hinges on the position at 4245. Only if it stays above this level is there a sign of strengthening, with pressure areas above at 4305, 4345, and 4400.
If the rebound fails, it may continue to probe lower, with the support range at 4161, 4110, 4060, and 4010.
Due to the rapid changes in flight conditions, the first priority is to alert members, sometimes BN may not have time to notify,
Many friends say that the strategies I provide do not include defensive positions, this is because everyone's positions are different, and in some cases, additional positions may need to be added, each approach is different,
Everyone should bring their losses to a level they can accept, after all, Brother Xing's thinking is not always correct, especially when facing a one-sided market, and my thinking happens to be wrong!
So for those who analyze the market themselves, you must control your risks well and not harbor any illusions. #加密市场回调
The market never goes as I wish Looking at this situation, it will be a struggle It seems we'll have to wait until Thursday or Friday It shouldn't be at the top right now During this period, there will be constant temptations to short If I can't resist getting in, I'll get trapped For swing trading, it's advisable to wait and see For short-term trading, directly sell high and buy low
The callback of Ethereum is actually easy to understand; it is a standard price-volume divergence;
Last week's weekly trading volume surged, but the price increase was very small, indicating that the effort did not yield results, which represents that demand is still very strong, and new supply has appeared at this position.
Currently, the market sentiment for Ethereum is better than Bitcoin from various aspects. Next, we will see when this new supply will be consumed,
Lastly, I want to emphasize one more point: if you think Bitcoin might have peaked, I do not share that opinion. In the larger trend, I still see 130,000, as for Ethereum, I do not believe the highest point has been reached.
We are not yet at the point of fleeing the peak; trading reflects both human sentiment and reality.
A whale with a long position in Ethereum continues to go long after closing a loss of $6.59 million,
He first closed 21,683 ETH ($93.56 million) at a price of 4311 this afternoon at 1:30 PM, realizing a loss of $6.59 million from a position opened at 4615 three days ago.
Then at 3 PM, he opened a long position again with 15,353 ETH ($65.76 million) at a price of 4236. The new position now has an unrealized profit of $600,000.
Sentiment is shifting at a turning point. Excitement suggests caution, and fear brings opportunity. The recent round of correction has seen a drop of 600 points, with the Federal Reserve meeting approaching, the market seems to have hit the pause button, but this is not a reason for us to retreat! On the contrary, it gives us the opportunity to position ourselves in advance.
The first support on the 4-hour chart is "4220, 4180" for initial positions, with light positions moving north. In the short term, we look at 4520, in the medium term, 4670, and for new highs, we aim for 5000!
Over the weekend, I gave everyone a warning about the risks, and I promptly withdrew in the early hours, but my overall direction has never wavered. The Federal Reserve is set to meet again this week, so remember to listen to Chairman Powell's speech.
This morning, Bitcoin is declining, and retail investors are becoming more cautious. However, institutional whales are still bottom-fishing, and the main players remain confident. At this time, the shift between greed and fear is crucial, and tonight's rhythm is particularly important. After reaching a new high, nearly 10,000 points down, the 114,300 area has certain support; we should buy more, otherwise, don’t say there won’t be an opportunity for everyone to add to their positions!
Any position above 114,300 should look north first at 117,800 and 119,000. Pay attention to the second red line below (the previous high forming a bottom); if it holds, we can look to add more on a pullback! Regardless of whether interest rates drop in September, the probability of a significant breakdown is low, especially with the support of the knowledgeable king, so feel free to go long!
Sprinters must maintain strong defense. Class dismissed.
The giant whale continues to accumulate Bitcoin, and tonight MicroStrategy also hinted that it may buy BTC again next week. The next time MicroStrategy increases its holdings will be the day Bitcoin returns to 120,000. There is a high probability of a 25 basis point rate cut in September, and the market is far from over. #比特币财库公司增持策略