Coin Victory Group: On August 24, Bitcoin continues to rise, can Ethereum remain strong?

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币天王
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5 hours ago

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Do not worry that there are no like-minded friends along the road, on the road of investment there are kindred spirits. Good afternoon, everyone! I am the King of Coins from the Coin Victory Group. Thank you all for coming here to watch the King’s articles and videos, bringing you different news from the coin circle and precise market analysis every day. The major coin has finally welcomed a much-anticipated rise. From the current market situation, the market showed very clear signs of bottoming over the weekend. The bullish trend is quite obvious, but one thing that is currently concerning is that the bullish sentiment in the market is too strong. Those who operated short positions were educated by the market last week, and now many influential figures are overwhelmingly bullish. However, under such circumstances, the risk of going long has greatly increased.

From the chart's perspective, the support level near 76800 for the major coin is quite clear. This level is also the long position we gave in our live trading group this afternoon. The profit made by exiting was approximately 1000 points, which is pretty good for a short-term trade. If the price comes back to this level later tonight, it can still be long. The upper resistance we are currently paying attention to is around 79000. If it reaches this level, a light short can be taken, with a stop-loss set at the previous high of this movement. For Ethereum, the overall trend is still relatively strong. During the weekend's pullback and bottoming process, it did not fall as deep as the major coin, indicating that Ethereum is currently on a stronger trend. If the major coin shows fluctuations in the following market, funds are very likely to rotate into Ethereum, further elevating the market. In terms of entry points, Ethereum can focus on the 2435 level for long positions. The only strategy for the short positions above is to enter short when the market breaks 2550 and then falls below this level, with a 20-point stop-loss.

That’s all for today. Remember the key points, grasp the trading essentials, and keep an eye on the crucial points on the chart, and we will earn together next time! This content is exclusively planned by the Coin Victory Group. Search for "Coin Victory Group" on public accounts, same name across the network! If you want to understand real-time strategies, de-risking techniques, or learn about candlestick patterns and contract methods, you can chat with the Coin Victory Group. There are still fan free experience groups and community live broadcasts available, all full of valuable content, with no fluff! Let's keep an eye on the meeting together at dawn on Thursday, and if there’s any movement, we’ll chat anytime. If you find it useful, please like and follow, so you won't get lost!

For those who find it useful, please like and follow, so you won't get lost! Finally, here’s a heartfelt message: If you truly want to learn something from a blogger, you need to follow them long-term. Don’t just look at the market a few times and jump to conclusions! There are too many "performative players" in this market. Today they show screenshots of long positions, and tomorrow they summarize short positions, making it seem like they are "catching tops and bottoms" every time, but in reality, they are just playing catch-up! What truly deserves attention is a consistent trading logic that can withstand scrutiny, not just jumping in when the market moves! Don't be blinded by flashy data and out-of-context screenshots. Long-term observation and deep understanding are needed to distinguish who is the genuine thinker in the field, and who is just trying to deceive you with dreams!

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