8.23 Ethereum (ETH) market analysis reference

Ether was influenced by news last night, and the bulls made a strong effort, resulting in a price increase of several hundred points in a flash. The market broke through multiple resistances and refreshed its historical high in the early morning, surpassing the 4800 line. The subsequent upward momentum is also strong. If the market undergoes a correction and the price can stay above the 3750 position, there is a possibility of further upward movement to reach the 5000 line in the short term. Currently, Ether has a strong upward trend, and if it continues to break levels, the probability of the market reaching the 5000 line is very high.
On the 4-hour level, a series of strong bullish candlesticks broke through the previous high of 4616, accompanied by volume, forming a strong upward structure. The latest candlestick faced resistance and fell back at 4887, creating a long upper shadow, indicating a short-term need for a pullback. On the daily level, a V-shaped reversal structure is presented, with a continuous volume increase after the low point of 4060 on August 20, breaking through key resistance levels of 4350/4500, and currently testing the round number of 4800 on a pullback. MACD: On the 4-hour level, the DIF(80.72) crosses above the zero line and continues to widen, but the latest red bar has shortened; on the daily level, a golden cross appears after a bottom divergence. In terms of operation, it is recommended to take light short positions at high levels and long positions at low levels.
8.23 Ethereum short-term reference:
Short test 4900-4950 lightly, stop loss 30 points, target below 4850,
Buy at the test position of 4600-4651, stop loss 30 points, target above 4750,
8.23 Bitcoin short-term reference:
Short at the trial position 117200-118000, defend with a supplement at 120500, stop loss: 500 target below 115500,
Long at the test warehouse point 113200-114200, stop loss 500, defend 111000 for additional buy, target above 115000,
There is a delay in sending the article. The strategy suggestions are for reference only. The market changes rapidly. No matter how accurate your judgment of the market is, you must set stop-loss and take-profit levels properly. Lock in profits for safety #BTC #ETH #比特币市场分析 ##以太坊新高 ##鲍威尔讲话