8.25 Morning ETH Analysis

Since the moment when the whales switched to ETH and Bitcoin stagnated at 117,000, the second brother has been ready to lead a group of altcoins in a whirlwind dance.

From a technical perspective, the weekly chart shows a good upward posture, the daily momentum is slightly shrinking, and the upper Bollinger Band on the 12-hour chart is under some pressure; the 4-hour DIF has crossed below the DEA, indicating a gradual slowdown. The Bollinger Band is narrowing upwards, but the 1-hour chart has not yet formed a bearish arrangement, facing some short-term adjustments. Since the market wants to reverse 🚗 and pick up, the follow-up strategy remains unchanged, focusing on buying low.

For the second Bitcoin, buy at 4730 and 4670, targeting 4830 and 4890 first, and then look for stability above the breakout before targeting the 5000 mark.