8.24 Evening BTC & ETH Trading Strategy
This weekend's market can be summed up in one word—stagnation! The bulls and bears are at a standstill, and for now, neither side has a clear advantage. If you rush to chase the highs and lows or fumble around, it's easy to incur unnecessary fees and get caught in a bad position. It's better to wait until the market direction is clear before taking action.
My approach remains unchanged; I still lean towards being bullish, but the key is not to chase blindly. We need to wait for a proper pullback, and stop-loss orders must be in place; absolutely do not hold onto losing positions!
- BTC: Focus on the range of 113800 - 114200. If we see a solid pullback here, consider taking a small long position, first aiming for 115500; if it breaks through smoothly, then we look at 118000, step by step.
- ETH: 4680 - 4720 is a good low entry point. Enter long here, with an initial target of 4850; if it breaks this level, then we look at 4930.
