Xiaoyao KOL: Bitcoin and Ethereum Evening Market Analysis 8.10

In the past two days, Bitcoin has been fluctuating sideways over the weekend while Ethereum has surged. Currently, the daily chart shows that the recent price of Bitcoin has been fluctuating between 116,000 and 118,500. After forming a long lower shadow candlestick on August 7, it rebounded, and the current K-line shows a slight upward trend. In the 4-hour timeframe, from August 9 to 10, there were multiple tests near the high of 118,500 without a breakthrough, indicating certain short-term pressure. Both the DIF and DEA averages are diverging upwards, but the histogram's momentum is weakening, suggesting that the upward momentum is slowing down. On the daily chart, the DIF and DEA are operating in a golden cross, and the upward trend remains good. The daily trading volume significantly increased on August 7, then gradually decreased, indicating that market sentiment has shifted from extreme volatility to wait-and-see. In the 4-hour timeframe, the trading volume did not show a significant increase when testing the high near 118,500, indicating insufficient breakout power. It is recommended to enter long positions at high levels in the evening.

Trading suggestion: Enter long positions for Bitcoin around 118,300 to 118,800, with a target near 116,500; for Ethereum, enter long positions around 4,220 to 4,250, with a target near 4,150. Market conditions are constantly changing, and the article is time-sensitive. Friends who are planning to enter the market should follow real-time guidance: #币安Alpha上新 $BTC