8.17 Morning Bitcoin Strategy Analysis

There is no tree that grows overnight, nor is there a road that leads to the sky in one step. Life is full of mud, you always say you can "do it"?

In the short term, BTC and ETH are currently undergoing a consolidation adjustment at lower levels. From a technical analysis perspective, bullish momentum is gradually weakening, with the fast and slow lines in the MACD indicator converging below the zero axis, while the RSI relative strength index indicates that the market is in a tug-of-war between bulls and bears. Although the bulls have a slight advantage, overall signs of a reversal and rebound are emerging. Looking ahead, attention can be paid to low support levels for potential positioning.

BTC Recommendation: Around 116500 for positioning, target 118000

ETH Recommendation: Around 4370 for positioning, target 4500

One must act in accordance with the trend, always maintain rationality, defend well, and never blindly resist! Wishing you all the best, grasp every wave of momentum, and we will continue to move forward together! $BTC $ETH $XRP #美国7月PPI年率高于预期 #币安钱包TGE #加密市场回调 #币安Alpha上新 #山寨季何时到来？