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August 8th Midnight Bitcoin and Ethereum Trading Suggestions and Directions
What the crypto world has taught us is never about overnight success, but about how to stay alert amidst volatility. The biggest opportunities always belong to those who endure the winter and still believe in spring before the next cycle begins. Tonight's insights are once again validated: after capturing over 900 points of space, exit the position, slow down your steps, don't rush. Steady accumulation and incremental positions are the key.
From the current market situation, Bitcoin continues to increase in volume and breaks below support. It is currently showing a sideways downward trend, located in the lower middle band of the Bollinger Bands. The Bollinger Bands are opening downward, indicating that short-term bearish strength is dominant. Bitcoin is likely to run along the lower band. The MACD indicator shows a slight short-term rebound desire but lacks momentum. Overall, the short-term sentiment is bearish. Midnight trading suggestions are still mainly:
Shorting at high levels: Rebound near 90500–90800, watch the 89500–89200 level, with a stop-loss around 91200. (At the same time, if Bitcoin touches the strong support zone at 88500–89000, consider adding positions; target around 90000–90300.) #BTC #ETH