8.4 Monday Analysis

In the early morning, Bitcoin rose from around 113800 to the mid-track of 115000, while Ethereum went from 3450 to 3550, and our orange strategy's long position opened with a good start.

Currently, Bitcoin is consolidating at a high level, and the daily line on Sunday closed in the green, breaking the consecutive down days, indicating a correction period. The four-hour chart shows almost a one-sided continuous rise, with small retracements releasing selling pressure, standing at the mid-track. Bullish momentum is present, so it's advisable to enter long positions at lower levels.

Trading Suggestions

BTC: Long around 1138 - 1143, target around 1160

ETH: Long around 3490 - 3520, target around 3650