8.5 Tuesday Zhiming Evening Analysis and Suggestions
Looking back, the afternoon Bitcoin price dipped to a low of 113700, reaching a high of 115000, and is currently hovering around the price level of 114300.
After breaking new highs, the cryptocurrency market is experiencing a high-level consolidation, with bullish momentum still strong and minor pullbacks having little impact. The short-term upward momentum is good, with new highs frequently appearing and little pressure from above. Although everyone wants to wait for a pullback to buy, the market may not provide that opportunity. It is recommended to intervene flexibly in real-time while also planning positions and managing risks. There is no need to predict the top; there is no market that only goes up without falling or only falls without rising. The upward momentum may exceed expectations, and the downward momentum could also be similar. At present, follow the trend, and continue to adopt a strategy of selling high and buying low.
Zhiming's Suggestions
Bitcoin around 114600-115100, watch 113800-113300
Ethereum around 2650-2680, watch 3610-3580
#加密市场反弹