August 18th Afternoon Bitcoin and Ethereum Market Analysis and Trading Recommendations
The market showed a step-by-step downward trend this morning, with Bitcoin prices reaching a high of nearly 1179 and a low of around 1148. It is currently consolidating around 1153.
The horn of the hourly Bollinger Bands continues to widen, indicating a significant increase in market volatility and an increasingly intense battle between bulls and bears, with bulls currently in the driver's seat.
From the market's perspective, selling pressure from above is significant, but after hitting the 115,000 mark, some support has emerged. Looking at the hourly chart, bulls are still exerting momentum, further confirming their dominant position.
Why insist on buying on dips?
· On-chain data: Whales have been accumulating funds between 115,000 and 116,000 for the past three days.
· Market sentiment: Panic selling by retail investors often signals a bottom.
· Technical pattern: The daily chart remains in an upward trend and has not broken through.
Remember: A sharp drop in a bull market is an opportunity to make money.
But don't go all-in—build positions in batches, always with stop-loss orders, and wait for the main force to pull the market back in the evening.
In the afternoon, you can buy Bitcoin at 115,200, with a target around 116,600.
In the afternoon, you can buy Ether at 4250, with a target around 4350.
#比特币减半完成 $BTC