The current market shows a descending staircase pattern with both high and low points moving down simultaneously. Yesterday's daily candle closed bearish, giving back some of the previous gains, and the moving averages are in a bearish arrangement, with the originally supportive level now turned into strong resistance. During the pullback, the appearance of small bullish candles released some bullish momentum, and the overall retracement trend is healthy.
From the four-hour perspective, after a series of five bearish candles, two small bullish candles have formed with reduced volume. The continuation of this trend is expected to be limited, and it's essential to clarify that the current market condition is a correction rather than a reversal, so do not blindly chase longs.
On the hourly level, the wave structure has broken lower, and the rebound strength continues to weaken. In terms of operation, it is advisable to follow the trend and look for opportunities to short in the future.
Big Brother's trading advice: Consider short positions around 114300.
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The current market is still dominated by bears. From the one-hour perspective, the market continues to maintain a strong downward trend. Although the decline has slowed, there are no obvious signs of a bottom forming in the overall trend.
Based on previous movement patterns, bears often experience small upward retracements during the ongoing decline, while the bulls' rebounds tend to accumulate energy for the bears, further pushing the market down again.
Big Brother's strategy suggests that the overall downward trend remains unchanged at midnight, and still favors the continuation of bears. The operational suggestion is to set short positions around 4300. #币圈 $ETH
On a four-hour chart, Bitcoin (BTC) continued to decline after breaking below the middle band. The upper and middle bands simultaneously turned downward, and the lower band flattened. The price was significantly suppressed by the middle band, and the overall downward trend remained unchanged. However, the DIF and DEA converged, and the green energy bar decreased, indicating that short-term momentum has weakened, suggesting a potential for a short-term weak rebound.
On a one-hour chart, Bitcoin is in a clear downtrend, with strong short-term momentum and technical indicators also favoring the bearish trend.
Big Cousin's Trading Advice: Early morning trading strategies can focus on short positions, with a recommended setup around 113,000. #币圈暴富 $BTC
From the four-hour chart, the Bollinger Bands are in an expanding state. Although the current price has seen a slight rebound, the overall trend of oscillating downward has not changed, and the upward momentum is gradually weakening. At this point, positioning short trades at relatively high levels is more prudent.
Trading Suggestions: Consider shorting in the range of 186-191 at opportune moments #币圈 $SOL
The US market opened lower, and the evening trend is expected to show a pullback. At that time, one can seize the opportunity to go long and take advantage of the upward trend. #币圈 $BTC
From the 4-hour chart, ETH is currently at the tail end of a volume increase in an upward trend. Generally speaking, the volume increase at the tail end of a wave pattern tends to be weak, and it is likely to show a "step back" washing out pattern afterwards.
After a pullback in yesterday's market, although there was a quick surge in the morning today, the hourly chart subsequently formed a large bearish candle, entering another pullback correction phase. This round of adjustment is centered around the local high point of 4400. Considering the current large volatility base, it is difficult to accurately predict the short-term adjustment space.
In the evening, short-term operations should focus on the support area: if support can be maintained in the range of 4230-4190, consider setting up long positions based on this range; if this support area is effectively broken, then it is necessary to timely adjust the trading strategy and respond cautiously.
Based on the basic knowledge of wave theory discussed earlier, everyone understands that market trends follow certain patterns. This pattern is that the market completes a round of phase-based upward or downward movement, usually completed through 5 waves up or 5 waves down, which is often referred to as 3 upward movements or 3 downward movements. However, the market can also experience 5, 6, or even more upward or downward movements. Talking with the chart: The 3rd and 5th waves in wave theory are generally in the middle of an upward trend.
After the initial upward phase, the market enters the mid-stage of the upward movement. According to wave theory, it is not difficult to find that the mid-stage of an upward trend is essentially the 3rd and 5th waves of wave theory. Once an upward trend is formed, we can apply the trading principle of following the big trend and countering the small trend, entering long positions at the pullback points of the 2nd and 4th waves. Retail investors often find it difficult to catch the 1st wave at the beginning of the upward trend, but they can capture the upward movement of the 3rd wave and hold positions until the 5th wave, or even higher points. As long as the trend is not broken, in theory, it can be held indefinitely. $ETH $ cryptocurrency
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From the four-hour chart observation, after gaining effective support, the price trend has gradually shifted from stabilization to oscillating upwards. The technical indicators show that the MACD has completed a golden cross above the zero line, and the bullish momentum bars continue to expand, indicating that short-term market bullish momentum is steadily accumulating, and the upward momentum is building.
Big Brother's strategy suggestion: Pay attention to long opportunities around 4280, and grasp the entry timing in conjunction with the real-time market rhythm. #币圈 $ETH
In the morning, the price of Bitcoin fluctuated near the lower middle track, showing an overall upward trend with back-and-forth tug-of-war between bulls and bears, and the volatility rhythm was relatively slow.
In terms of operations, it is recommended to first observe the market trends and wait for the trend to become clearer before deciding to open a position, to avoid entering blindly.
Brother's thought process suggestion: Pay attention to long opportunities near the 113500-114000 range, and make sure to combine real-time market signals to confirm the timing of entry. #币圈 $BTC
8.21 Early Morning ETH Analysis From the market perspective, the four-hour level price is running between the lower and middle bands of the Bollinger Bands. After a doji candlestick, although there was a bullish bar that followed, the upper shadow is relatively long, indicating heavy selling pressure above; the bulls encountered resistance at the middle band position and failed to reclaim it, making it difficult to change the downward trend; the current rebound is a normal correction.
At the one-hour level, the price is gradually approaching the upper band of the Bollinger Bands, and the candlestick also shows a long upper shadow. The bulls have made multiple attempts to breach the upper band but have failed, showing a clear lack of momentum. In summary, the strategy for midnight operations is primarily to short on rebounds.
Big Brother's operational advice: Consider setting up short positions near the rebound range of 4360-4400 for Ethereum. #币圈 $ETH
After rapidly rising to the 114000 mark, Bitcoin quickly turned down. Although there was a slight rebound that created an illusion of recovery, it was actually a trap to lure in buyers. The current overall trend is still downward, and it is advised not to blindly go long. It is essential to strictly set stop losses to manage risk during trading.
Big Brother's trading suggestion: BTC can be shorted in the range of 113900-114400 $BTC #币圈