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Event ends: August 9, 16:00 UTC
More details: https://www
"In the crypto world, you can't earn money beyond your understanding. Even if you make money by luck, you'll eventually lose it back through your own abilities." Continuously learning industry knowledge, researching market trends, and improving your understanding is essential to holding your ground in this ever-changing field. Don't let short-term price fluctuations affect you; learn to view investments from a long-term perspective. Remember, time is your fren, and patiently holding quality assets will allow you to reap the rewards of time. BTC concluded its fluctuating market on Sunday night and gradually chose to rise, with the highest point in the evening reaching 119540, where it faced resistance. After a slight pullback in the early morning, the current coin price is once again experiencing a rise. Ethereum also refreshed its recent high, reaching a peak of 3868 in the early morning. The bullish outlook we provided in the early morning has already shown some room for growth. On Monday, we maintain a bullish outlook.
According to the current market situation, the daily level shows that the price has experienced a three-day decline followed by a two-day rebound. The Bollinger Bands are opening upwards, and the middle band is moving up. Additionally, the long lower shadows left by the bearish candles indicate that the middle band of the Bollinger Bands is providing strong support. Therefore, as long as this position holds, we can expect a continuation of bullish movement. From the four-hour level, the price is climbing in a step-like manner, constantly approaching the upper band of the Bollinger Bands. Currently, the K-line candles have formed a series of bullish trends, and the overall trend has entered a rhythm controlled by bulls. However, the bullish candles leave long upper shadows during the upward movement, indicating that there is some selling pressure above. Therefore, it is highly likely that a technical pullback will occur before further upward exploration.
Operation suggestions
BTC: Buy around 118700 Target: 120500
Two coins: Buy around 3830 Target: 3950
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