Analyst Liangqiu: On 8.19, Bitcoin/Ethereum first hesitated and then successfully captured the trading range trend structure.

Bitcoin/Ethereum provided another opportunity for a follow-up in the trading range yesterday. The market rose from around 4220 to 4380 before falling back. In the early session, it directly dropped to around 4190. The overall space for a follow-up after the drop is quite good, congratulations to friends on Silk Road. Currently, the rebound strength after the market decline is not strong, and there will still be a demand for a second probe. During the subsequent downward process, short-term attention needs to be paid to the support levels at 4160 and 113000.

The daily structure still shows a bearish direction, with the high and low points continuously switching downwards, and there is no significant volume drop. In this case, the market will continue to decline and test the levels of 4160 and 113000. The K-line pattern at the daily level shows a continuous decline recently, forming a clear downward trend. At the 4-hour level, the recent K-lines show a weak oscillating trend, with multiple attempts to rebound failing to break the previous resistance at 4380 and around 117000. In terms of technical indicators, both the 4-hour level DIF and DEA are running below the zero axis, the green bars have shortened but are still negative, indicating that the bearish strength has weakened somewhat, but overall it is still in a weak state. In the short term, pay attention to the support below and look for a rebound.


The trading suggestion for Bitcoin is around 114000 to 114500, with a target near 116500; for Ethereum, it's around 4180 to 4210, with a target near 4300.

[The above analysis and strategy are for reference only, please bear the risks yourself. The article review and publication do not have timeliness, and the specifics shall be subject to real-time.] #机构以太坊储备破1000万枚# #Strategy放宽股票出售规则# #Gate七月透明度报告发布#