8/31 BTC outlook:



The latest 4-hour candlestick is bullish but has a relatively long upper shadow, indicating selling pressure around 78100. The previous candlestick was a large bearish candle accompanied by huge volume, with a relatively long lower shadow, showing buying support around 77000, but overall downward momentum remains strong.

The MACD DIF and DEA lines are both below the zero axis, with the DIF line moving downward and remaining in a death-cross state with the DEA line, indicating that the short-term bearish trend is dominant and downward momentum is still being released.

Trading suggestions:

BTC: Short at 78800-78300🈳, target 77000-76000, defense at 79000

ETH: Short at 2450-2430🈳, target 2320-2220, defense at 2470

(For reference only; actual trading conditions shall prevail!)
BTC-0.66%
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GateUser-fde27423
· 28 minutes ago
Impressive, the analysis makes a lot of sense. If only I had seen it earlier...
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Mr.Indifference
· an hour ago
Buy the dip 😎
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Mr.LV
· 2 hours ago
😏😀😏😀😀😏😀😏😀😏😀😏😀😏😀😏😀😏😀😏😀😏😀😏😀😏😀😏
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Mr.LV
· 2 hours ago
Just send it 👊
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GateUser-cbca79fe
· 2 hours ago
that 78100 was my long entry. I never believe it can swiftly get there so soon. almost got liquidated
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