The Bull vs Bear Battle over the weekend was intense, reaching a fever pitch. Bitcoin's daily chart showed a small bullish line with an upper shadow yesterday, indicating a rise, but the direction remains unclear. This also suggests that the long positions are being suppressed, and the short positions are pressuring the longs, making it less likely for the price to surge again. Analyzing the technical indicators, the MACD fast line has crossed below the slow line, presenting a death cross formation, and the green bars have turned into red bars in a line form, indicating that the subsequent movement will unfold around a downward trend. The RSI indicator, however, shows three lines in parallel, with RSI6 at the lowest, indicating a trend acceleration. We are holding our direction and waiting for a change in pattern on Monday. Ether, on the other hand, shows a clear downward trend, with the momentum of the long positions gradually weakening, and the subsequent movement will also unfold around a downward trend.


Short positions on Bitcoin at 117200-117700, looking down towards around 116500.
Short positions at Ether 4430-4460, looking down near 4370. #BTC再创新高#
BTC-2.24%
ETH-0.41%
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GateUser-9d4211cbvip
· 08-17 15:05
Hurry up and enter a position!🚗
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GateUser-9d4211cbvip
· 08-17 15:05
Just go for it💪
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