#比特币 #以太坊 #比特币超话 8 August 4th Bitcoin and Ethereum operation suggestions and direction sharing

The journey in the cryptocurrency world is by no means a smooth path, but rather a deep-sea voyage fraught with turbulent waves. Every violent fluctuation in the K-line chart seems like a riddle thrown by fate, causing people to jump between hope and despair. Yet, it is within this chaotic and unclear fog that the opportunity to break free and transform into a butterfly lies—when altcoins collectively sink in the tide of plummeting prices, those who deeply study the underlying logic and adhere to investment discipline will eventually pick up the lost pearls at low tide and welcome their own rainbow after the storm.

From the current market perspective, the market has experienced a structure of initial rise followed by a pullback and then a phase of consolidation. In the previous trend, the market broke through the middle band of the Bollinger Bands and quickly rose, once touching the upper band near the high point of 114200, but faced resistance and retreated after the high. During the pullback, it fell below the middle band forming a phase of adjustment. During the adjustment phase, the market fluctuated around the middle band, and the overall volatility range has narrowed. In the short term, the bullish and bearish forces are battling near the middle band, without forming a clear unilateral trend. Considering the Bollinger Bands indicator and the current K-line shape, the subsequent trend will likely converge in oscillation as the Bollinger Bands narrow. Currently, the market is near the middle band of the Bollinger Bands, and the short-term bullish and bearish forces are balanced, which should continue to oscillate and consolidate. One can observe the upper resistance level of 114300 mentioned yesterday; if broken, the market will stretch further to recover. If it stabilizes below the upper resistance level, one might consider shorting at high points.

The midnight Bitcoin price near 113500 to 114000 can be considered for shorting, with attention on 112500.

The second altcoin range of 3450 to 3475 can be considered for shorting, with attention on 3400.