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August 15th, early morning Bitcoin and Ethereum market analysis and trading strategy
Overall trend analysis
The daily chart shows that after reaching a high on August 13, the market has pulled back, forming a long upper shadow bearish candlestick, indicating significant selling pressure above. On the hourly chart, the price has experienced a sharp decline accompanied by increased trading volume, followed by a period of consolidation. Currently, the candlestick shows characteristics of a small bullish rebound at a low level, intensifying the short-term tug-of-war between bulls and bears.
Interpretation of Technical Indicators
- MACD: The hourly MACD histogram has turned from green to red, signaling a short-term stabilization, but it remains below the zero line, and the bearish trend has not completely reversed; on the daily level, the DIF and DEA are gradually converging, posing a risk of forming a death cross, and caution is needed as the trend may further weaken.
- RSI: The hourly RSI value is currently 38, approaching the oversold area, and the technical rebound momentum is accumulating; the daily RSI has fallen from a high position to the neutral range, with a trend leaning towards weakness and insufficient upward momentum.
- Moving Average System: The hourly EMA7 is significantly deviated from the current price (4554), indicating clear short-term pressure; EMA30 and EMA120 form a key bullish-bearish boundary, requiring close attention to whether the price will further test the support strength of the long-term moving averages.
The aunt suggests placing long positions in the range of 4500-4550, with a target of 4680-4780, and a stop loss referencing the support level at 4450.
It is recommended to try a light long position near 117000 for Bitcoin, with a target towards around 183000. Strict stop-loss must be set to guard against the risk of a pullback.
#BTC再创新高#