8.6 Wednesday Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions: The cryptocurrency market has its ups and downs, and cycles have their turning points. The path of trading cryptocurrencies, no matter how volatile, will always see the dawn of trends. The bear market will eventually find a bottom, and we prepare for the bull market, holding firm in our belief in the cycle, as the doubling of profits awaits you. The market showed a strong upward trend during the early morning hours, with the Bitcoin price climbing to a high of 114178.4. Ethereum maintained a narrow range of fluctuations, rapidly dipping to a low of 3542.58 before quickly rebounding, ultimately rising to a high of 3623.

From the 4-hour chart perspective, the market shows a two consecutive bullish candlestick recovery pattern, with bullish momentum gradually accumulating. Combined with the daily chart, the current price is oscillating near the middle band of the Bollinger Bands, indicating that this is not a one-sided market, and the short-term trend is dynamic. The 5-day moving average and 10-day moving average are in a state of stalemate, and the market may further narrow the oscillation range. On the hourly chart, the price experienced a slight pullback after reaching previous highs, but the extent of the pullback is limited, indicating solid support below. We still maintain the idea of waiting for a high-level pullback to go short during the afternoon.

Bitcoin: Can short near 113800-113500, short-term target around 112800, if it breaks look for around 112000.

Ethereum: Can short near 3590-3620, short-term target around 3520, if it breaks look for around 3460. #加密市场回调 #美国加征关税 #币安Alpha上新