August 7 afternoon Bitcoin Ethereum market analysis and trading strategy



The daily chart shows that the price has been continuously rising recently, forming multiple bullish candles, and is currently in a high-level consolidation state. The hourly chart has shown a clear upward trend, with the latest candlestick being a long upper shadow, indicating strong resistance above. The MACD on the hourly chart continues to show increasing bullish bars, with both DIF and DEA diverging upwards, indicating strong momentum; the daily MACD also shows a golden cross, but the red bars are shortening, so subsequent changes need to be monitored. The RSI on the hourly chart is at 75.05, entering the overbought zone, which may face a correction risk; the daily RSI is above 60, still having some upward space. The EMA on the hourly chart for the 7, 30, and 120 periods shows a bullish arrangement, with prices far from EMA7, indicating a need for a pullback; the daily EMA7 and EMA30 are gradually flattening out while EMA120 maintains an upward trend.

Ethereum: Long near 3780-3730, target: around 3850
Bitcoin: Buy around 115000, target: around 116500 #ETH巨鲸增持 #美SEC发表流动性质押声明
BTC-0,4%
ETH-1,23%
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