Chu Yuechen: August 16th Bitcoin/ETH Trading Reference. The current market is in a low-level consolidation pattern of "having funds but no trend." ETF funds provide bottom support but cannot drive a breakout. On-chain structural demand has not yet turned positive, and the technical moving average system is in a bearish alignment. Liquidity tightened over the weekend, and volatility was extremely compressed, indicating a potential turning point is approaching. Regarding directional choice, key points to watch are: whether BTC can hold 62,000 and break above 63,500 with significant volume; and whether ETH can recover 1,900. If these conditions are met, a short-term rebound is expected; otherwise, the 60,000 (BTC) and 1,820 (ETH) levels will be tested. Last week, we mainly traded short positions on rebounds, from above 65,000 at the end of last week to around 64,000 in the middle of the week. Each trade yielded around 1,000 points, totaling about 6,000 points for the week. It's fair to say that with this liquidity, it's not bad; the lack of volatility is already commendable. Bitcoin is currently confined to a range of 62,000-65,000, without a clear breakout trend. Therefore, we've been trading within this range for the past two weeks, buying low and selling high. Don't focus on the overall market trend; making good small trades each week is far more effective. The market is mostly range-bound; I'll capitalize on trending opportunities when they arise. For those following my trades, let's continue. You won't be disappointed. We've consistently achieved good returns each week. There's not much to say about the weekend's market; it was basically stagnant. For Bitcoin, we'll continue trading within the 62,000-65,000 range, buying low and selling high with small stop-loss orders. We'll make specific plans once the range breaks out. The same approach applies to ETH. ETH is less volatile and requires real-time monitoring; I can provide real-time short-term trading guidance if needed. For medium- to long-term strategies, opportunities are needed; please see my profile for further discussion.
The long-term opportunity for Bitcoin (ETH) is coming soon.
2026-08-16 07:58:55
分享
免责声明:本文版权归原作者所有,不代表MyToken(www.mytokencap.com)观点和立场;如有关于内容、版权等问题,请与我们联系。
关于MyToken:https://www.mytokencap.com/zh/aboutus本文链接:https://www.mytokencap.com/zh/choicenews/3477626.html
更多精彩内容请查阅
X(https://x.com/MyTokencap)或加入社区了解更多MyToken-官方华文电报群
(https://t.me/mytoken_cn)
X(https://x.com/MyTokencap)或加入社区了解更多MyToken-官方华文电报群
(https://t.me/mytoken_cn)