8.1 Evening Bitcoin and Ethereum Market Analysis
The market seems to be manipulated, with Bitcoin repeatedly breaking below the 116 and 115 levels. A long position can be set at 114114, with an exit at 115154, profiting 1000 points. Take profits when you can, and if confused, seek guidance from A Xu to help you take off.
Currently, in the four-hour chart, Bitcoin's trend is weak with range fluctuations; Ethereum is seeing a tug-of-war between bulls and bears, with a lack of rebound strength. The 1-hour Bollinger Bands are contracting downwards, showing slight rebounds followed by oscillations along the middle band, with bulls in weak position. There may be a pullback for repair during the day, so set stop-losses when entering. Wait for tonight's non-farm payroll data for guidance.
Strategy:
Buy Bitcoin at 115000-114500 with a target near 116500;
Buy Ethereum at 3620-3590 with a target near 3700.
Keep an eye on: SUI PEPE DOGE SOL ETH PNUT
