8.14 Early Morning Bitcoin Analysis
From the market perspective, Bitcoin continues to steadily operate above the middle track of the 4-hour Bollinger Bands, maintaining an upward channel. Each time it retraces to the middle track area, it quickly gains support for a rebound, indicating that bullish buying pressure remains strong. Short-term fluctuations are slightly strong, and the medium-term structure remains intact.
Ethereum's bullish rhythm is even more aggressive, continuously closing in on historical high ranges, with capital inflow significantly outperforming other mainstream coins. The room for retracement is limited, and short-term volatility instead presents a good opportunity for low-cost entry.
Trading Suggestions
Bitcoin: Short-term buy on dips in the 121000-120800 range, targeting above 122500, and if it breaks through, continue to look towards 124000-125500.
Ethereum: Buy on dips in the 4700-4680 range, follow the trend after breaking 4750, targeting 4800-4950, and if strong, look towards the 5000 line.
