Analyst Liang Qiu: 8.10 Bitcoin/Ethereum Weekly Surge, Focus on Trend Waves

Bitcoin/Ethereum surged this week, particularly Ethereum which saw a significant rise, climbing from a low of 3489 to a high of 4331, nearly an 840-point increase. The bullish trend is clear, and the pullback has been relatively small, with no effective corrections observed during each major surge. Currently, Bitcoin has taken over Ethereum's upward momentum; however, we need to pay attention to the pressure at the upper level around 119000 to 120000, while the support has been consolidating at the lower level around 116000 over the past few days, coinciding with the previous range of 116000 to 120000.

On the candlestick chart, the daily level shows a strong upward trend. On the 4-hour level, recent candlesticks have shown a structure of gradually rising highs and lows. Currently, Ethereum has seen some pullback but has also stabilized, indicating the market is in a clear upward channel. In terms of technical indicators on the 4-hour cycle, both DIF and DEA continue to diverge upwards, and the MACD histogram shows increasing red momentum, indicating bullish strength is dominant. Including on the weekly chart, Bitcoin and Ethereum both closed positively again; pay attention to the momentum situation one hour after the closing at 8 AM tomorrow.

Evening operation suggestions: Bitcoin around 117500 to 118000, target around 119500 to 12000; Ethereum around 4140 to 4160, target around 4250. For Bitcoin, pressure around 119500 to 12000, target at the 117500 level.

【The above analysis and strategies are for reference only; risks are to be borne by yourself. The article's review and publication lack timeliness; specifics should be based on real-time data】 #ETH走势分析