Analysis and trading strategy for Bitcoin and Ethereum market on the afternoon of August 23
The daily chart shows that a large bullish candle formed last night, breaking through the previous consolidation range, but today there is a bearish pullback, indicating a weakening of upward momentum. On the hourly chart, there has been recent high-level consolidation, with prices repeatedly testing between 4750 and 4700, and a tug-of-war between bulls and bears in the short term. In the MACD hourly chart, DIF and DEA are gradually declining, and the histogram has turned from positive to negative, indicating a decline in short-term bullish momentum; the daily chart remains above the zero line, and the bullish trend has not completely changed. The RSI on the hourly chart has pulled back from the overbought area and is currently close to 60, indicating significant short-term adjustment pressure; the daily RSI remains below 70 and has not entered an extreme overbought state. The hourly EMA7 has crossed below EMA30, showing clear short-term moving average resistance; the daily EMA7, EMA30, and EMA120 are in a bullish arrangement, and the medium to long-term trend remains upward.
Ethereum: Buy around 4670, target near 4800 Bitcoin: Buy around 115400, target around 117000 #加密市场反弹##加密概念美股普涨#
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Analysis and trading strategy for Bitcoin and Ethereum market on the afternoon of August 23
The daily chart shows that a large bullish candle formed last night, breaking through the previous consolidation range, but today there is a bearish pullback, indicating a weakening of upward momentum. On the hourly chart, there has been recent high-level consolidation, with prices repeatedly testing between 4750 and 4700, and a tug-of-war between bulls and bears in the short term. In the MACD hourly chart, DIF and DEA are gradually declining, and the histogram has turned from positive to negative, indicating a decline in short-term bullish momentum; the daily chart remains above the zero line, and the bullish trend has not completely changed. The RSI on the hourly chart has pulled back from the overbought area and is currently close to 60, indicating significant short-term adjustment pressure; the daily RSI remains below 70 and has not entered an extreme overbought state. The hourly EMA7 has crossed below EMA30, showing clear short-term moving average resistance; the daily EMA7, EMA30, and EMA120 are in a bullish arrangement, and the medium to long-term trend remains upward.
Ethereum: Buy around 4670, target near 4800
Bitcoin: Buy around 115400, target around 117000 #加密市场反弹# #加密概念美股普涨#