8.23 Saturday Early Morning BTC & ETH Analysis: Wait for a Pullback, Buying Low is More Stable!
Watching the market early in the morning, both BTC and ETH have encountered pressure at the upper Bollinger Band, and a technical correction is definitely needed in the short term. Don't rush to chase after the highs, it's safer to wait for a proper pullback before entering!
BTC: Focus on the support range of 114000 - 114500, if it stabilizes after a pullback, then enter with a small position. The initial target is 116800, follow the rebound rhythm, and don't be greedy;
ETH: 4710 - 4730 is the key support, if it pulls back to this level and stabilizes, then enter long, with the target still looking at 4860. After all, it surged strongly before, and buying low after a correction is safer.
The market fluctuations in the early morning might not be that significant, but make sure to manage your stop-loss properly. Don't relax your risk control just because you're waiting for a pullback. It's much more solid to act when the time is right than to chase the highs.
