Deer Star 8.25 Morning Thought Analysis and Trading Suggestions

In the early hours of today, the cryptocurrency market staged a thrilling showdown between bulls and bears. After Bitcoin hit a high of 114961, it faced a fierce attack from bearish forces, with the price plunging rapidly to a low of 110680, resembling a waterfall. The drastic fluctuations in a short period instantly tightened market sentiment. However, the bulls did not surrender; they quickly regrouped and launched a strong counterattack, successfully reclaiming the critical level of 113500 and establishing a defensive line within this range, forming a pattern of consolidation. Both sides are temporarily locked in a stalemate. Today's strategy can revolve around the wide-ranging sawtooth pattern, aiming for a rebound to recover the state.

Trading Suggestions:

The large coin is oscillating around 112500 and 113000, targeting around 113800 and 114300;

The altcoin is oscillating around 4750 and 4700, targeting around 4800 and 4885.

(Personal opinions are for reference only; everything is subject to actual market conditions!) #ETH创历史新高 #美国初请失业金人数 $BTC $ETH