8.13 Bitcoin and Ethereum Market Analysis and Trading Suggestions
Hourly Chart: The market is at the upper band of the Bollinger Bands, with K-line climbing steadily, dominated by bulls. The three bands of the Bollinger Bands are moving upwards, forming a bullish channel. The technical indicators are showing a golden cross divergence, with expanding bullish bars and sufficient buying volume.
Action: Buy on the pullback
Bitcoin: Range of 118500-118800, target 122000
Ethereum: Range of 4590-4560, target 4750, breakthrough indicates new highs
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