8.14 BTC/ETH Market View:

Although the midnight suggested a low long strategy for everyone, the market was too strong, so the long position couldn't be entered; instead, we patiently wait for a pullback to enter.

Bitcoin's daily candlestick shows another large bullish candle taking off, opening directly above the upper Bollinger Band, reaching a new high, and the price continues to rise towards the upper band. The 4-hour level is similar. There's really nothing much to say about this market; enter long on pullbacks, and there is still some reference for support. However, if you want to short, there is really no reference at all—just a feeling that the price may not go up from that position... It is known that the market does not only rise without falling; there will inevitably be pullbacks or even crashes, waterfalls. But whether you can hold your position until that moment is a question! Personally, in such a big bull market, I would rather die on the road of going long than guess the top too early, frequently getting trapped in shorts, or stop-losses, or being liquidated. Moreover, going long is always about waiting for pullbacks; I've never urged everyone to rush in blindly and chase with closed eyes...

For Bitcoin, support levels to watch are 123,000, 121,300, and 120,000. Low longs should be positioned around here; as long as it does not break below 120,000 effectively, the market will not have a significant pullback and may easily move up to new highs. The upper target to watch is 124,000-125,000-126,000.

Ethereum's trend is even stronger, with a highest rebound of 4,783 yesterday, and the daily candlestick with a large bullish candle standing above the upper Bollinger Band, with the price currently still operating above the upper band. The low long strategy remains unchanged on intraday pullbacks, even though we know there is a gap below, but we don't know how long it will take to fill. Let's first participate in low longs in the direction of the trend.

For support below, watch 4,690 and 4,610, positioning for low longs around here, with upper targets at 4,750-4,850-5,000. #BTC再创新高