8.5 Tuesday Morning Analysis

Yesterday, Bitcoin repeatedly tested the 114,000 level, and as expected, it rose in the evening, with a second reminder to be bullish, reaching a high of 115,700. The low-buy strategy was accurately executed.

Daily: Two bullish candles returned to the Bollinger Bands lower-middle track, indicators are overbought, and bulls are dominant, indicating continued upward momentum.

Hourly: The three lines of the Bollinger Bands are trending upwards, the upward trend continues, and the bullish sentiment remains, firmly positioned in the strong area between the middle and upper bands, with short-term bulls in control, focusing on low buys.

BTC: Buy around 1140—1145 Target near 1165

ETH: Buy around 3620—3650 Target near 3750