(8、11 today's market analysis strategy) Bitcoin from the one-hour chart shows that the BOLL channel is rapidly widening, with both the upper and middle bands rising, indicating overbought conditions in the market; the bulls remain strong, and the price has departed from the upper band. The current operation strategy still focuses on buying on dips, with key support levels at 121000 and 120000. Ethereum has shifted from a strong one-sided upward trend to a rising range-bound consolidation.
Whether this wave of the 1h level upward trend for Ethereum has ended is crucially dependent on whether it can effectively break below the 4150 area and form the first downward range below it.
Operational suggestions:
Bitcoin $BTC : Pullback
Direction: Long
Suggestion: Buy in the range around 120200-120500
Target: Target around 122500-123000
Ethereum $ETH : Long positions can continue to hover around
Suggestion: Buy in the range around 4260-4220
Target: Target can look towards 4330, 4450.
Keep an eye on the market; targets are only a guide! They cannot be considered absolute values!
The market is volatile; operations should be flexible! Protecting profits is the key to going further!