Eurozone Economic Sentiment Index for August

BTC and ETH: Recent price around 118000 near 7/29, currently the price is in a state of fluctuation, overall showing a downward trend, while there is a possibility of short-term support. In the short term, the appearance of a doji and a flat bottom pattern indicates that there may continue to be consolidation, with a certain possibility of a rebound. However, the bearish arrangement of MA7 and MA30, along with the continuation of the overall downward trend, suggests that the rebound potential may be limited. It is still safer to look for short positions on high retracements. BTC: Consider shorting around 118400-118800, with a short-term target near 116500. Ethereum: Short at around 3820-3850, short-term target 3720()#BTC##ETH##Gate Launchpad IKA上线#

#Gate Launchpad List IKA# I joined IKA and I think you should join too and start earning. I recently discovered the IKA project on the Gate launch platform, and it's one of the easiest and most exciting ways to participate in early token launches! Subscribing took less than a minute—I just deposited USDT and GT tokens, and I'm all set. If you want the maximum allocation, check the time and don't miss the subscription window. I missed a few hours earlier and received less than I could have. I'm really looking forward to IKA launching—the project looks promising. Hurry before 4:00 PM UTC on July 28th: https://www.gate.com/launchpad/2336?downgarde=true

Why look at the 4-hour, 1-hour, and 15-minute candlestick charts? In these years of struggling in the crypto world, I've seen too many people get rubbed raw by the market because they stubbornly cling to a single cycle of K-lines. Today, I'm going to share my secret technique - the Multi-Cycle K-Line Trading Method. It's just three steps, and you can directly grasp the trend, points, and timing! 4-Hour K-Line: The "Stabilizing Force" of Trends This thing is like a GPS for the crypto world, helping you find the right direction amidst the vast fluctuations. Don't underestimate this 4-hour candlestick; it filters out the noise of the intraday movements, making the trend clear at a glance: Uptrend: Highs and lows rise like steps, and during this time, a pullback is an opportunity for us to make money, so decisively buy the dips! Downtrend: Highs and lows are sliding all the way down, rebounds are like crocodile tears, don't get carried away, finding opportunities to short is the right way. Sideways Consolidation: The price is repeatedly bouncing around within a range, and frequent trading during this time only results in paying fees to the exchange. It is recommended to just lie back and watch. Remember, in the cryptocurrency world, only by following the trend can you profit; going against the trend is like joking with real money! 1 Hour K-Line: Precisely Locate the "Battlefield" The general direction has been set, and the 1-hour K-line is our "battle map." At this point, the focus is on finding support and resistance levels: Trend lines, moving averages, and previous lows serve as the market's "moat"; when prices approach these levels, there is often support, making them potential entry points. The previous high, key resistance level, combined with the top pattern, signals a retreat. It is time to take profits and reduce positions. 15 Minute K-Line: The "Last Second" to Pull the Trigger The 15-minute K-line should not be used to determine trends; it is only responsible for helping you find the best entry timing! Just like a sniper waiting for prey to show a flaw, we need to wait for these signals: The key price level shows engulfing patterns, bottom divergence, or golden cross signals; this is the right time to take action. Pay attention to the trading volume! Breakouts without volume are just tricks, and they are likely false breakouts. You must see an increase in trading volume before entering the market. Multi-timeframe collaboration practical mantra Set direction: First look at the trend on the 4-hour chart to know whether to go long or short. Drawing circles: 1-hour chart marks support and resistance areas, locking in entry range; Signal: A reversal signal appears on the 15-minute chart, decisively pull the trigger! Guide to Avoid Pitfalls for Blood Loss Summary When several cycles are conflicting, don't force your way in; staying in cash and observing is better than losing money. Short-term fluctuations are fast, so make sure to set your stop-loss well, otherwise you will be swept away in minutes. Trends, position, and timing are all indispensable; don't rely on feelings to guess blindly, using this method is the way to go! To be honest, there is no trading holy grail; the key is to review and summarize more, turning these methods into your own. #Gate Launchpad IKA上线##以太坊重返3800##美欧达成关税协议##BTC##ETH#

On Monday afternoon, July 28, analysis and trading suggestions for Bitcoin and Ethereum: This morning, Bitcoin rebounded from a low of 118755, reaching a high of 119813. After launching from a low of 3815, Ethereum showed a steady staircase-like rise, climbing to a peak of 3939. Currently, the daily chart indicates a strong area of operation between the middle band and upper band of the Bollinger Bands. The middle band continues to extend upward; however, it is evident that the price encounters resistance when reaching the upper resistance level. Currently, the candlestick is oscillating repeatedly below this area, and the trading volume is showing a slight contraction, indicating that the market's willingness to chase the price is temporarily insufficient. The J value in the KDJ indicator has already entered the overbought area, and there is a technical pullback demand in the short term. We anticipate a wave of pullback to enter short positions from this afternoon to the evening. Bitcoin: Short positions can be taken around 119100-119500, with a short-term target near 118000. Ethereum: Sell near 3895-3920, short-term target 3800#BTC##ETH##Gate Launchpad IKA上线##以太坊重返3800##美欧达成关税协议#

7.26 Saturday Bitcoin Ethereum market trend analysis: In the early hours of today, Bitcoin continued its strong bullish trend, reaching a high of 117740 during the trading session, with strong upward momentum. Ethereum, on the other hand, is fluctuating around the 3750 level. The daily chart shows three consecutive bearish candles, with closing prices all below opening prices, indicating short-term bearish dominance. However, each candlestick has a significant lower shadow, indicating strong bullish resistance during the decline. The four-hour chart shows prices moving away from the Bollinger Band midline. On the one-hour chart, Bitcoin has broken above the midline but has not reached the upper band. These phenomena suggest weakening bullish momentum and an impending market correction. The reduction in MACD volume also supports this view. Additionally, with the US stock market closed over the weekend, it is advisable to adopt a strategy of selling high and buying low during the day. Short Bitcoin 117500-118000, look near 116000 Ethereum 3750-3765 short, looking near 3600, #BTC##ETH##余币宝年化收益破24%##Gate Launchpad IKA上线##以太坊交易量飙升#