On the afternoon of September 8, BTC and ETH operational thoughts
Currently, after a rapid price drop, a V-shaped rebound is observed, highlighting the strong buying power below, with a solid foundation for bulls that has not been shaken by the short-term pullback. The price of the coin has re-established itself above the key point of 111000, market sentiment is positive, and the pullback adds momentum for the bulls to build strength for an upward attack.
On the 4-hour level, the trend shows a slow step-like oscillation upward, which is a slow rising rhythm of consolidation and adjustment, with no strong unilateral movement in the short term, mostly back-and-forth oscillation.
Based on this, the core of future operations is to go long at low prices, in line with the slow rising trend. If the price rises to a key position and encounters clear resistance, showing a signal of pressure retreat, then switch to a short position to seize the pullback opportunity. Specifically, for operations, Bitcoin can be bought in the range of 110500 - 110800, targeting around 112000; Ethereum can be bought opportunely in the range of 4250 - 4430, initially targeting around 4400. $BTC
