August 15th Bitcoin and Ethereum market analysis and trading strategy

The daily chart shows that after reaching a high of 4783 on August 13, the price has retraced, forming a long upper shadow bearish candlestick, with significant selling pressure above. On the hourly chart, there has been a sharp decline accompanied by increased volume, followed by a consolidation phase; currently, the candlestick is showing signs of a small bullish rebound at a low level. MACD: The hourly MACD histogram has turned from green to red, but overall it remains below the zero line, indicating a short-term bearish dominance; on the daily chart, DIF and DEA are gradually converging, posing a risk of a death cross. The hourly RSI is at 38, close to the oversold zone, suggesting a potential technical rebound; the daily RSI has fallen from a high level to the neutral area, indicating a weak trend. The hourly EMA7 is significantly distant from the current price of 4554, showing clear short-term pressure; EMA30 and EMA120 are forming a divide between bullish and bearish, and it is necessary to pay attention to whether there will be a further downward test of the long-term moving average support.

Ethereum: Long at 4500-4550, target 4680-4780
Bitcoin: Buy around 117,000, target near 183,000
#BTC再创新高# #CPI数据来袭#