8.11 BTC/ETH Market Opinion:

Bitcoin weekly candlestick closed with a large bullish candle, with all three Bollinger Bands opening upward. The daily candlestick received support at the middle band and rebounded, with the price piercing through the upper band and standing above it. On the 4-hour level, the price is also above the upper band. The hourly chart shows a need for a pullback, with the intraday strategy being to take long positions mainly, without trying to guess the top!

Support below is focused on 121400, 120800, and 119800, and long positions should be entered around these levels. The targets above are 112500, 123500, and 124500.

Ethereum surged to 4349 at a high, showing stronger momentum. The resistance above is at 4360, 4450, and 4500, which can be used as a reference for taking partial profits on long positions, without easily trying to guess the top, unless in a crash or during a plunge to chase shorts, avoiding early top guessing and laying in wait for short positions.

Support below is focused on 4285, 4230, and 4170, and long positions should be observed and planned around these levels. #加密总市值创历史新高