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Mufeng looks at the trend: Analysis of the Bitcoin/Ethereum market on the evening of 8.3 with operation suggestions.
From a technical structure perspective, the Bitcoin/Ethereum daily chart currently shows KDJ and MACD continuously resonating downwards. In terms of BOLL, the price is approaching the lower band area, but the lower band is continuously moving upwards. On the main chart, the MA5 and MA10 daily moving averages continue to oscillate downwards; however, the MA30 daily moving average has not aligned with the bears and is instead continuing to rise (similar to the situation with the BOLL lower band, as long as the MA30 daily moving average does not align with the bears or has not been effectively broken below, it will continue to move upwards with the MA30 as the support point). Looking at the 4-hour chart, the current KDJ has formed a golden cross at the bottom, indicating that the support below is still very strong. The MACD is currently experiencing a continuous decrease in bearish volume. Personally, I expect the short-term trend to lean towards oscillation and rebound, so for the ultra-short term, we are essentially looking at a technical rebound adjustment after reaching the support level. In terms of operations, it is recommended to initially treat the situation as a buying opportunity on pullbacks, with specific points for reference:
BTC: Buy at 113300-112500, target 115300
ETH: Buy near 3450-3420, target 3530
The above is my personal evening operation suggestion. The market conditions change rapidly, and the article has a certain lag. Specific operations should be based on real-time guidance from live trading #PI# #BTC# #ETH# .