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The Twilight Star did not disappoint, making big money with Ether! 8.12 BTC ETH strategy.
Ether formed a evening star pattern yesterday and shorted to make big money. Although BTC surged, it also fell. Ether broke through the 4350 line in the evening but still couldn't hold. It fell below the 4200 line again in the morning. There was no opportunity to short BTC in the evening, but Ether easily made profits, with a surge of over a hundred points, and two surges totaling two to three hundred points! Friends who caught the second wave of shorting can take profit or move their stop loss to protect gains!
From a technical perspective, the daily chart is as expected, closing with another bearish candle. BTC formed a long upper shadow on its bearish candle, while Ether formed a doji bearish candle with a relatively long upper shadow. This is also a very obvious bearish structure. Therefore, for intraday operations, Conan suggests focusing on shorting during rebounds! The resistance levels to watch are 120800, 121700, 122300, and 1233300, while the support levels to pay attention to are 118000, 117300, 116300, and 115500.
8.12 BTC trading strategy: Aggressive traders short at the rebound of 120000-120500, while conservative traders enter at the rebound of 121000-121500, with a stop loss near 122500. The target is around 119000-118000-117300. If broken, look at around 116800-116300. Continue to adjust stop losses based on the situation!
8.12 Ether trading strategy: Aggressive traders enter short on a rebound at 4300-4330, while conservative traders enter near 4380, with a stop loss around 4400. The target is around 4200-4170, and if broken, look for 4150-4100. Continue to adjust the stop loss based on the situation!
Long Position Idea: Buy one lot at around 115000 when BTC first retraces, with a stop loss around 700 points, targeting 116000-117000-118000. If it breaks, move the stop loss according to the situation!
Ether intraday pullback 4070-4100 buy another hand, defend near 4030, target looking at 4150-4180-4200, break point move stop loss and take profit depending on the situation!
BTC ETH took turns liquidating the bears, but still ended with a bearish candle, so everyone should avoid blindly chasing the rise. Tonight, pay close attention to the speeches from the Federal Reserve. Let's see the Fed's stance on monetary policy and the economic outlook!