8.29 Early Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

The market is always changing, and there is no strategy that is always effective. Maintain an open mind, continuously learn and reflect, and draw experiences from every trade to survive in this market for the long term. Based on the current market conditions, the four-hour level shows that after experiencing two consecutive bearish trends, the market has stopped just below the upper Bollinger Band. However, the price still hovers below the upper Bollinger Band, with both bulls and bears in a continuous tug-of-war state. In addition, the market's volatility is relatively low, indicating that the overall market has clearly entered a stage of time-for-space adjustment. From the one-hour level, after a round of downward movement, the market rebounded to above the middle Bollinger Band and formed an alternating pattern of small bearish and small bullish movements. The overall movement has remained in a range-bound cycle. Considering the current narrow volatility space, we will maintain a bullish approach for short-term operations tonight.

In the early morning, Bitcoin can be bought at 112800 with a target near 114000.

In the early morning, Ethereum can be bought at 4510 with a target near 4580. #比特币 $BTC