$BTC 8.9 Morning Bitcoin and Ethereum Analysis #eth突破4000

Every pullback may be an opportunity for those who have a proper understanding to get on board; every surge may hide a test after the tide recedes. Understanding the logic of trends and adhering to one's own rules is more important than getting entangled in temporary gains and losses.

In Friday's Bitcoin market, after hitting a low in the early hours, the price rose all the way up, reaching the day's highest point in the morning before pausing. Subsequently, the price fell back into a range of fluctuations. Although there were brief spikes, the price quickly adjusted downward again to hit an intraday low. In contrast, Ethereum's performance on Friday was almost a one-sided rise. Starting from the low in the morning, it only experienced a brief range consolidation before the bulls strongly pushed the price to a high, successfully breaking through the 4000 mark, after which a price correction occurred.

From the 1-hour chart of Bitcoin, the price rose and then retreated, but the key support level—today's lowest point—was not broken. Previously, there was a clear upward wave, indicating that the bulls had dominated the price increase. Although it is currently in a phase of consolidation and adjustment, the price has remained stable overall within 24 hours without significant declines, and the trading volume at lower levels has been relatively active, indicating that there is market support. As long as the key support is not effectively broken, after consolidation and buildup, the bulls are likely to take the opportunity to push upward again.

Bitcoin Strategy: Buy around 116700, target 117300

Ethereum Strategy: Buy around 4000, target 4040