BTC Ether weekend market trend sharing
Last night’s speech by Old Bao hinted at a rate cut in September, which is a huge positive news. As a result, BTC violently surged 5000 points in just over ten minutes, and Ether violently surged 500 points. In just a short span of a few minutes, the increase exceeded the recent adjustments.
The trading strategy of BTC last night was also quite familiar; it briefly dipped below 111700 to trigger a wave of short selling, and then settled above the support around 112500, completing a new round of upward movement. I believe many people's stop-loss orders are

Bitcoin, Ethereum recent market analysis
In this wave of market movements, the previous rise was incredibly fast and strong, and now the drop is even quicker. I believe many people were shorting during the rise, and now during this pullback, they are going long again, resulting in one loss for every position they take.
After a large engulfing pattern on the daily chart of Bitcoin, it continues to decline with weak rebounds. Dropping 2000, rebounding 1000, then dropping again, this kind of drop indicates that profits are being taken at the top, and the small rebounds are just waiting for retail

Bitcoin, Ethereum weekend market trend analysis
This weekend is a bit unusual, the market fluctuations during the weekend are even greater than on weekdays. Bitcoin has been grinding these past few days, neither going up nor down, and I believe friends holding long positions in Bitcoin must be feeling quite uncomfortable! I also hold a long position in Bitcoin, but I haven't let the grinding of Bitcoin ruin my confidence; I firmly hold my long position in Bitcoin. Why? Because although Bitcoin hasn't gone up, it hasn't gone down either? Have you ever thought about it? Every wave of the market,

Bitcoin Ethereum today's market analysis
The recent trend of Bitcoin has been relatively weak, with insufficient trading volume, making the upward movement appear tired and lackluster, and it falls back as soon as it encounters some pressure. Switching to the 4-hour perspective, Bitcoin is hovering near the upward trend line, without breaking below it, showing a slight rebound, but the rebound is somewhat weak. The key pressure for Bitcoin is currently around 116000, which is the bottom of the consolidation box and was previously a support level. If it breaks below this level, it will turn int

Bitcoin, Ethereum weekend market analysis
After a continuous rise in Bitcoin, a significant correction has finally occurred. Bitcoin has currently fallen below the 30-day moving average, so the trend is still bearish. It is currently in a rebound, but the strength of the rebound is not strong. Today's rebound for Bitcoin is looking at the upper range of 114,000 to 116,000. The support level is around 112,000 to 110,000. The 112,000 level is an important support, as this position is the exchange point of support and resistance. Looking back at Bitcoin's long-term cycle, after an increase at the