8.24 Early Morning Lao Yang's Trading View:
From the hourly perspective, the three core indicators of Bitcoin (MACD, RSI, KDJ) are all in a neutral zone, showing no clear directional signal yet. However, the overall trend continues to show a pattern of fluctuating upward movement, with a relatively gentle increase in pace. At the same time, BTC's hourly performance remains in sync with the 4-hour chart, with bullish strength dominating and continuously driving the price upward.
Based on the current market characteristics, the subsequent trading strategy suggests continuing to adhere to a bullish outlook. To further enhance trading safety, a more prudent approach is to wait for the price to retrace and stabilize before selectively entering long positions. Specific trading suggestions are as follows:
For Bitcoin, it is recommended to enter long positions in the range of 113500-114300, with target prices looking at 115500-116800.
For Ether, it is recommended to enter long positions in the range of 4560-4620, with target prices looking at 4800-4900.
Note: The above suggestions are for reference only, and proper stop-loss settings should be made. $BTC $ETH