8.25 Early Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions
When volatility strikes and fear and greed intertwine, only those with a stable mindset can see the direction clearly. Remember: the market is never short of opportunities; what it lacks is the patience to wait for those opportunities and the courage to seize them. Based on the current market situation, the four-hour level shows a three consecutive bearish candles stopping at the lower Bollinger Band. After testing support and experiencing a price bottom, the downward trend has slowed down. After sufficient space has been released, the downward momentum is gradually weakening, entering a correction phase, and the bulls are starting to push back. From the one-hour level, after getting close to the lower Bollinger Band, the bulls formed two consecutive bullish candles for a rebound, moving averages are trending upwards, and indicators show signs of turning. The market is showing a slightly strong pattern, and the current market will still have a rebound period. The trend of the bulls continuing to exert force suggests that one can seize the opportunity for a bullish rebound, approaching with a rebound mindset in the early morning.
In the early morning, Bitcoin can be bought at 112100, with a target around 113500.
In the early morning, Ethereum can be bought at 4600, with a target around 4660.
