8.23 Morning Analysis of Bitcoin and Ethereum
Recently, Bitcoin has stabilized around the 115,000 level after continuous declines, indicating that buying support remains strong below. Although the short-term pace has slowed, the overall bullish trend has not changed; instead, it resembles a normal adjustment. Especially against the backdrop of the continued expectation of interest rate cuts from the Federal Reserve, market risk appetite is still on the rise, which is the real core driver of the market.
Operations:
Bitcoin: Range trading long positions between 114,500 and 115,000, target 115,760–116,800.
Ethereum: Try long positions around 4,700–4,660, target 4,780–4,880.
