August 2nd midday


Currently, the overall market is showing sideways movement with some pullbacks, but the situation has eased. On the daily chart, after several consecutive days of downward closes, yesterday's candle closed with a long lower shadow and a bullish body, indicating a slowdown in the decline. The RSI indicator has turned up from the oversold zone, the four-hour MACD shows increasing momentum, and the stochastic indicator is diverging upward, all suggesting a potential rebound; however, the hourly RSI is in the overbought zone, so a small correction may occur during the rebound.

• Bitcoin around 77,600 - 78,000, target around 80,000 - 82,000, medium to long-term outlook above 84,000.

• Ethereum around 2,700 - 2,300, target around 2,400 - 2,450, medium to long-term outlook above 2,700.
BTC-0,21%
ETH-0,49%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin