8.25 Morning Silk Road Analysis
After Powell's speech, BTC/ETH broke through the previous high, whether it will pull back depends on the analysis:
BTC has been weak recently, experiencing a sharp drop. The price on the 4-hour chart is at the lower Bollinger Band, with MACD death cross expanding; the daily and 1-hour charts are also showing weakness, indicating a bearish outlook in the short term.
ETH is steadily moving upwards on the weekly chart, with a decreasing MACD on the daily chart. The 4-hour chart is facing pressure at the upper Bollinger Band, oscillating towards the middle band, and a MACD death cross is present; the 1-hour chart has not yet formed a bearish arrangement, and there may be a short-term pullback, but the strategy for buying low remains unchanged.
Trading Suggestions
BTC: Buy around 112100 - 111600, target 114500, 115500
ETH: Buy around 4670 - 4640, target 4800, 4900
Please strictly maintain defense
