There is not much to say about the intraday movement. The price action did not differ much from expectations. This morning, it was explained that the rise before the daily candle closed was not meant to break through, but that after three large bullish candles, the market was more likely to weaken, allowing the next daily candle to close bearish. Therefore, the morning rally was an outright short opportunity, with no need to hesitate, and the subsequent decline fell right within the given target range. The intraday short captured 1,700 points first. The rebound afterward also clearly signaled another opportunity to continue shorting and probing lower. Although there was no breakout, it was still within the expected range. The second short likewise had 1,000 points of room, while longs near support also had room to capture gains. This morning, the direction was adjusted to short at highs, supplemented by longs. The fundamental reason is the three large bullish candles on the daily chart, with the probability of a bearish close exceeding 90%. This is a classic price pattern. It has always been explained that every classic price pattern has a corresponding follow-up move—that is the logic. Although exceptions exist, they account for less than 5%. This is experience accumulated over the long term. The original “Amplitude Theory” will be explained in detail during a future livestream, including what the “Amplitude Theory” is and the subsequent moves corresponding to classic price patterns.

🟢 $ETH Market Update 📈 $1.0013K in short positions closed around the $2,424.34 zone. The amount isn't huge, but it shows some bearish traders got pushed out as $ETH moved around this level. Now the real thing to watch is whether buyers can keep control. If $ETH holds above this area and volume starts building, the move could attract more momentum and put pressure on remaining shorts 🚀⚡ On the other side, if buyers lose strength, a pullback could come quickly. • 🎯 Key zone: $2,424.34 — watch if price holds above it • 📊 Strong volume could decide whether momentum continues $ETH is at an interesting spot right now 👀 Do you think this is the start of a stronger move up, or just a temporary bounce? 🤔 👉 Trade here: $ETH ‌

Yue Ying: August 23 Bitcoin and Ethereum market analysis: Strong bullish rally—will ETH return to $3K? Short-term strategy included. Check out today’s analysis! BTC technical analysis———— On the daily chart, BTC has continued closing with solid bullish candles and rallied strongly to test the 80k area. After opening today, it did not continue higher and instead made a slight pullback adjustment. The Bollinger Bands are opening upward, with the short-term moving averages trending higher. The MACD fast and slow lines are extending upward, while the red histogram continues expanding. KDJ has turned downward after facing resistance near 100, and the VR indicator is consolidating near 200. On the four-hour chart, the market pulled back after rising sharply, but the momentum was not strong, and it is currently trading below the 7-period moving average. The Bollinger Bands are narrowing upward, with the short-term moving averages arranged in parallel. The MACD fast and slow lines are moving downward, while the histogram continues to shrink. KDJ is extending downward after turning lower, so pay attention to support near 50. The VR indicator is consolidating near 500. Overall, the market has staged a strong breakout, breaking out of the range that had consolidated for a long time. Since the solid bullish candle initiated the rise, it has climbed approximately $17,000. This rally can be described as quite strong. It is currently testing resistance near the May high. Pay attention to resistance at 80k and around 83,000. If it can continue breaking through, the market outlook for September and October will be more favorable for the bulls. In the short term, continue to focus on resistance. A pullback after a strong rally is normal, so watch the short-term support around 75,000 below. Here are the short-term recommendations. BTC short-term recommendation: Long at 75,300. (Once the strategy is activated and there are profits, manage them at your own discretion.) ETH technical analysis———— ETH’s technicals can be referenced alongside BTC for now. It has currently made a brief false breakout above the April high and encountered resistance at the weekly upper band. Pay attention to the resistance zone of 2,500-2,550 above. If it can continue breaking through, the next key resistance will be around 2,800. The approach is the same: first monitor the resistance breakout, with short-term support around 2,300 below. Here are the short-term recommendations. ETH short-term recommendation: Long at 2,340. (Once the strategy is activated and there are profits, manage them at your own discretion.) ——I’m Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or market trends, feel free to communicate with me and learn about trading together! Let’s communicate and profit together! $BTC ‌$ETH ‌#BTC突破$77000