August 22 afternoon Bitcoin Ethereum market analysis and trading strategy
The daily level shows that the price has gradually rebounded from the low of 4060 on August 20 to the current 4308, forming three consecutive bullish candles, indicating a short-term rebound trend. On the hourly level, the recent high of 4324 was not able to break through, resulting in a slight pullback, but overall it is still in a state of oscillating upward. In the MACD hourly chart, both the DIF and DEA are running upwards, and the MACD histogram has turned positive from negative, indicating that the bullish strength is relatively strong in the short term; however, the MACD at the daily level is still below the zero axis, and the bearish strength still dominates. The RSI on the hourly level is 58, close to the overbought zone, and it is necessary to pay attention to whether it enters a sustained strong area; the daily RSI is 53, at a neutral to strong level. The EMA hourly 7-period moving average has crossed above the 30-period moving average, and the price is above the EMA120. Additionally, the volume during the rebound phase has not continued to expand, showing that the bullish support is slightly insufficient.
Ethereum: Short at 4350-4400. Target: 4250-4200 Bitcoin: Short at 113800-114300, target: 112500-112000 #加密市场反弹##美联储7月会议纪要#
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August 22 afternoon Bitcoin Ethereum market analysis and trading strategy
The daily level shows that the price has gradually rebounded from the low of 4060 on August 20 to the current 4308, forming three consecutive bullish candles, indicating a short-term rebound trend. On the hourly level, the recent high of 4324 was not able to break through, resulting in a slight pullback, but overall it is still in a state of oscillating upward. In the MACD hourly chart, both the DIF and DEA are running upwards, and the MACD histogram has turned positive from negative, indicating that the bullish strength is relatively strong in the short term; however, the MACD at the daily level is still below the zero axis, and the bearish strength still dominates. The RSI on the hourly level is 58, close to the overbought zone, and it is necessary to pay attention to whether it enters a sustained strong area; the daily RSI is 53, at a neutral to strong level. The EMA hourly 7-period moving average has crossed above the 30-period moving average, and the price is above the EMA120. Additionally, the volume during the rebound phase has not continued to expand, showing that the bullish support is slightly insufficient.
Ethereum: Short at 4350-4400. Target: 4250-4200
Bitcoin: Short at 113800-114300, target: 112500-112000 #加密市场反弹# #美联储7月会议纪要#