Xu Xu Baby says Coin August 8th, Friday Afternoon Market Observation:

Ethereum saw a slight surge in the afternoon, briefly breaking through the 3950 mark before entering a correction phase, currently forming a tug-of-war situation at a high position, with the 4000 round number now within close reach.

From the hourly chart, the market is currently operating in the upper Bollinger Band area and showing oscillation characteristics. The three Bollinger Bands maintain an upward divergence pattern, and the K-line trend continues to guide the market towards an upward direction, with no signs of weakening in the bullish trend. In terms of the MACD indicator, it is operating above the zero line, with red column momentum holding an advantage, and the fast and slow lines maintaining a golden cross diverging upwards, indicating that bullish strength is still expanding. Based on this, the afternoon trading strategy will continue the morning's approach.

Xu Xu Baby says Coin trading suggestions:

Bitcoin: Consider entering long positions around 116500, targeting 118000.

Ethereum: It is recommended to choose opportunities to lay out long positions in the 3900-3870 range, targeting 4000.#BTC #BTC走势分析 #ETH #ETH走势分析 #ETH巨鲸增持