$Early morning Bitcoin and Ethereum trading suggestions and direction sharing
Yesterday's market has already concluded; whether you did right or wrong, those who should be at ease can be at ease, and those who should be happy can be happy. Believe that your tomorrow will come. Let's review today's market and trends; Bitcoin started to decline from its peak around 115674 in the early morning until it reached a low of 114211, with a range of over 11400 points. In the afternoon, it gradually formed support and began to rise, reaching a high of 116782, currently fluctuating around 116655. The early morning low long strategy was also accurately controlled again. On August 7, two long positions were arranged, with the suggestion to buy around 114771 and exit when it rose to 116690, capturing a space of 1976 points; last midnight, a long position was arranged at 113941 with the suggestion to enter, exiting at 115605, capturing a space of 1164 points. The market is indeed easy to operate; if you are still confused in this circle and can't find direction, Old Zhao is always here. The market is available every day, and you can find Old Zhao anytime to lead you through the signs.
From the current market perspective, the overall trend is upward; the Bollinger Bands are widening, with the middle and upper bands inclined upward, indicating that bullish forces dominate in the short term. The K-line pattern shows a combination of large bullish candles and small bearish candles. In the evening, the large bullish candle reflects the concentrated explosion of bullish forces, then quickly surged to 116782.6 before experiencing a pullback, which is a normal correction after a breakout. The pullback did not break through the key support and the middle line of the Bollinger Bands, indicating that the bullish trend has not been damaged yet. Short-term trading suggestions:
Buy Bitcoin near 116300, watch for 117500. If it falls below 116200, consider shorting.
Buy Ethereum near 3810, watch for 3900. If it falls below 3800, consider shorting.
