8.23 Afternoon Market Strategy:
Bitcoin Market Reversal, Bullish Opportunities Await
Today's market sentiment and the balance of long and short forces have undergone a fundamental shift! A solid bullish candlestick has strongly surged, successfully reclaiming and stabilizing at the mid-level, and leveraging this momentum to continue breaking upward.
From the 4-hour cycle perspective, the short-term trend has clearly shifted from weak to strong, with bullish momentum gradually taking control of the market, and the trend reversal signal is clear. We are currently in a positioning window.
Specific Trading Strategy
Bitcoin: It is recommended to opportunistically add to long positions in the 115000-115500 range, targeting 118000.
Ethereum: It is recommended to opportunistically add to long positions in the 4550-4630 range, targeting 4800.
