8.23 Midnight Market Thoughts and Trading Suggestions

Reviewing the night market, Powell's statements directly triggered a sharp market fluctuation, with Bitcoin experiencing a short-term surge of 5000 points, and Ethereum simultaneously soaring by 500 points.

From the hourly chart perspective, the market has recorded three consecutive bullish candles in the short term, successfully breaking through the upper Bollinger Band. This strong upward trend requires sustained momentum support to maintain a high position, so the midnight market is likely to present a 'high probing and pullback' rhythm.

Specific trading references

Bitcoin: Can be bought on a pullback to the 114500-116000 range, targeting 117500-118500.

Ethereum: Can be bought on a pullback to the 4650-4750 range, targeting 4850-4950.