Analysis of Evening Thoughts on August 17
From a technical analysis perspective, in the four-hour K-line of Bitcoin, the Bollinger Bands are continuously expanding, which clearly indicates a significant increase in market volatility, and market momentum is being constantly released. Three consecutive bullish candles suggest going short at high prices and long at low prices!
Trading Suggestions
Bitcoin: Buy at 117200-117700, target 119000-120000
Ethereum: Buy at 4480-4520, target 4600-4700
