You set a bear trap with all your posts between August 1-10. Bravo, that's a great trap.👏🏻

The overall market has maintained a strong upward trend this week, with Ether (ETH) performing particularly well. Those who hold onto long positions are expected to reap significant rewards. Ether is currently showing consecutive positive trends on both the weekly and daily charts, supported by short-term moving averages, and the bullish trend remains relatively intact. Judging from the current trend, the bulls are likely to continue their upward trend next week. Trading strategies for Ether can be based on continued buying on pullbacks, but be mindful of the risk of a short-term correction.

As Yanling had hoped, Bitcoin is heading towards 120,000. Over the weekend, it faces temporary technical resistance, with pressure at 119,000 in the short term. However, overall market sentiment remains bullish, primarily because the current rally is not yet complete. A 4-hour chart shows that short-term support will remain near 116,000, while above it will focus on short-term resistance at the 120,000 mark. Trading strategies should continue to prioritize buying on pullbacks.
Zhou Yanling's Bitcoin Trading Strategy for August 10:
1. Long at 116,600-117,400, stop loss below 115,500, target 119,000-120,000
2. Short at 120,800-120,000, stop loss below 121,800, target 118,700-117,800
Zhou Yanling's Ethereum Trading Strategy for August 10:
1. Long at 4150-4200, stop loss below 4100, target 4380-4430
2. Light short at 4460-4420, stop loss above 4500, target 4340-4300
[The above analysis and strategy are for reference only.] Please assume all risks. Article review and publication may be delayed, and strategies may not be timely. Specific operations should be based on Yanling's real-time strategy.

This article is exclusively shared by senior analyst Zhou Yanling. The author has over ten years of experience in financial market investment research. Currently, he primarily analyzes and provides guidance on futures and spot trading for BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrencies. He possesses a solid theoretical foundation and practical experience, excelling at combining technical and news-driven trading with a strong focus on fund management and risk control. His steady and decisive trading style is recognized by many investors for his easygoing and responsible personality and sharp, decisive operations. $BTC $ETH