8.13 BTC/ETH Market Outlook:

Bitcoin's daily candle closed bullish, with both the upper and middle Bollinger Bands opening upwards. Yesterday, it rebounded to a peak of around 120,270, and the current price is near 119,700. On the 4-hour chart, the price is testing the support of the middle band, and is also testing the support of the middle band on the hourly chart.

Support below is focused on 118,900, 118,000, and 117,000 here, with low longs planned around these levels while waiting. The upper target is focused on 120,000 - 121,000 - 122,000.

Ethereum is strongly moving higher, currently at a peak of 4,674. Initially, it was thought there would be a pullback at 4,500, but it didn't give the bears any chance. If it continues upward, we could see the 5,000 level, so it's really not wise to stubbornly try to short—it’s too difficult... Everyone knows the price will eventually retreat, and the market won't keep rising, but the fear is that when the price does go down, your position isn’t there anymore!

Support below is focused on 4,580, 4,500, and 4,470 here, with low longs planned around these levels. The upper target is focused on 4,680, 4,750, and 5,000 here. #ETH突破4600