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Compared to BTC, Ether is really much harder, with a pullback strength much smaller than BTC. The shorting strategy given in the morning can secure a range of 2500-3000 points for BTC, while Ether, although hard, can still easily grab 40 or 50 points. Currently, the technical outlook remains bullish, and those who are following can take profits! For those looking to adjust their strategy, they can move the stop loss to secure profits! There are currently no significant unfavourable information, so the evening strategy of pulling back to go long remains unchanged, with attention to the resistance near the intraday high!
Evening thoughts on 8.14:
BTC retraces to enter a long position at 120000-120500, with a stop loss near 119000, targeting around 121000-122000, if broken, look at around 123000-124000-124500, continue to adjust the stop loss based on the situation!
Enter go long on Ether pullback at 4700-4720, for conservative traders at 4620-4650, with a stop loss near 4570. Target around 4560-4780-4800, if broken, look at 4850-4880. Continue to break and move stop loss accordingly!
Shorting strategy:
BTC 124000-124500 is trying to short again, with a defense around 125500, targeting 1000-2000 points. Move the stop loss according to the situation if it breaks!
Short Ether 4800-4820, defend near 4850, target look at around 4750-4720, break position move stop loss according to the situation!