8.25 Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions

The cryptocurrency market is like the sea, and contracts are like boats. When the wind is calm, anyone can set sail; in turbulent waters, the true nature of the sailor is revealed. Looking back at the afternoon market, it started to pull back from the high point of 113667 around noon to a low point of 110991. Ethereum's movement mirrored that of Bitcoin, pulling back to a low of 4555. We also set up a short position in Ethereum this afternoon, securing a profit of several dozen points before exiting. After the pullback to the low point, we have started to rebound. This evening, we can focus on a strategy of low shorts and high longs to capture a wave of rebound.

Based on the current market situation, the four-hour timeframe shows that after a wave of two consecutive bearish candles, the market is once again gaining bullish momentum, and the price has reached the upper level following the lower Bollinger Band. Although the upward trend has slowed down, considering the hourly chart, even if the bears resist, it will not change the overall upward trend. The bulls are still in control of the primary direction. From the hourly perspective, after forming six consecutive bearish candles, the bulls have started to gain strength, and the rhythm has clearly moved into a strong range, with the bears failing to stir any waves. The upper space is completely opened, and the bullish trend is extremely strong. Therefore, blindly bottom-fishing this evening is not a wise choice; one should go with the flow and follow the bullish trend.

This evening, Bitcoin can be bought at 111700, targeting around 113000.

This evening, Ethereum can be bought at 4590, targeting around 4660. #比特币 $BTC