Analyst Liang Qiu: On 8.16, BTC and ETH are weakly fluctuating, with a short-term Silk Road analysis attached.

BTC and ETH continuously arranged three Dan Silk Roads yesterday, and I repeatedly reminded that Kong Dan should enter the market. In the early morning, I reminded about short-term long positions at 4400 and 116800. Overall, the space for first short and then long is still very good, with the morning session once soaring to around 4490 and 117800. Currently, the market has once again surged and then retreated. We can pay attention to the support at the low point from last night. If it continues to break down, the market will once again start a downward trend.

The K-line pattern at the daily level shows that the recent price has gradually retreated from the high, forming consecutive bearish candles, indicating a clear downward trend. In the 4-hour timeframe, after a sharp price drop, there is currently consolidation with fluctuations, but overall it remains within a descending channel. In terms of technical indicators in the 4-hour timeframe, both DIF and DEA are below the zero axis, and the MACD histogram continues to show negative values, indicating that bearish forces are dominant. However, the current negative values have weakened, suggesting a potential short-term rebound demand.


Operation suggestion for BTC around 116500 to 117000, target around 118300; ETH around 4380 to 4410, target around 4480, nephew 116000 and 4360.

[The above analysis and strategy are for reference only, please bear the risk yourself. The review and publication of the article do not have timeliness, and the specifics are subject to real-time standards] #美7月PPI年率高于预期# #以太坊ETF突破300亿美元# #Gate Alpha巅峰交易赛#