8.7 Morning Bitcoin Auntie Market Analysis

Bitcoin 4-hour chart shows a short-term bearish pullback expectation is rising. The price surged to the line of 115670, touching the upper Bollinger band, followed by two consecutive bearish candles, indicating a weakening upward momentum and increased selling pressure for the bulls. The price is approaching the middle band, with insufficient short-term upward momentum, raising expectations for another test of the middle band support.

Strategy Analysis:

Bitcoin: Range around 115100-115200, target 114300-114000

Ethereum: Range around 3700-3710, target 3660-3640