$BTC 8.10 Sunday early morning latest Bitcoin and Ethereum analysis #ETH突破4000

Many people fail in the market often because they are swayed by emotions. When they make a profit, they become blindly optimistic and increase their bets; when they incur a loss, they feel anxious and panic, hurriedly cutting their losses. True market experts can, like calm helmsmen, steadily control the direction amidst the waves. They do not lose their footing due to temporary gains or losses and always adhere to their trading principles and strategies.

Over the weekend, Bitcoin's price first rose and then fell. In the morning, Bitcoin slightly dropped to around 116316, then rebounded strongly with a fierce upward trend; by the afternoon, the price peaked at 117887, and then began to retreat under pressure, now returning to around 116600. In contrast, Ethereum's market over these two days was different, starting from a low of 4004 in the morning and rising continuously until it reached a high of 4247 in the afternoon.

From the current market observation, Bitcoin has experienced fluctuations of rising and then falling, showing a trend of consolidation in the short term. The daily MACD red column momentum has slightly contracted, and in the early morning, the fast and slow lines are gradually flattening above the zero axis, indicating a weakening of bullish strength. If the price falls below the support level of 116316, it may trigger further pullbacks. Looking at Ethereum, it is currently operating near the middle band, with the opening of the upper and lower bands narrowing, which suggests that the short-term fluctuation may continue. Whether it can break through later depends on whether the resistance level of 4247 and the support level of 4150 are effective. In terms of operations, Wen Yao suggests being bullish.

Bitcoin strategy: Go long around 116000, targeting 11800.

Ethereum strategy: Go long near 4180, targeting 4280.