Morning Thoughts on October 8

Based on the current market situation, the four-hour level shows that the market is gradually approaching the upper Bollinger Band. Although there has been some pullback from the bears along the way, the pullback has been minimal and has not affected the overall upward trend. The KDJ indicator's three lines are turning upward and gradually converging, indicating a potential golden cross formation. The MACD indicator's two lines are also showing an upward extension state, suggesting that the overall trend is still under the control of the bulls. From the one-hour level, the market has experienced three consecutive bullish candles but has faced some pressure above, leading to a price pullback. However, the overall market remains within an upward channel. Even if there is some pullback currently, its intensity will not be too great. Therefore, in the morning, we will focus on buying on dips after pullbacks.

Trading Suggestions

Buy Bitcoin around 114500, target around 116500.

Buy Ethereum around 3680, target around 3780. #加密市场反弹