8.13 Afternoon Market Analysis
In the four-hour chart, the price is supported by the lower Bollinger Band and is rebounding, indicating effective support. Bitcoin is experiencing some pullback pressure during the fluctuations, but it can quickly recover after a dip, suggesting a solid foundation for the bulls. In the one-hour chart, Ethereum bulls are taking the lead, with initial upward momentum appearing in the short term. Although there is a tug-of-war between bulls and bears, the bulls are gaining energy, and they may concentrate their efforts in the evening to drive a rebound.
Trading Suggestions
Buy Bitcoin: Enter around 118500 - 119000, targeting near 121000.
Buy Ethereum: Enter around 3570, targeting 4750, and if it breaks through, continue to look at 5000.
