8.1 Early Morning BTC-ETH Latest Market Situation

The market continues to fluctuate, with prices operating between the upper and lower bands. The lower band support is effective, and bullish sentiment remains high, allowing for high selling and low buying.

On the four-hour chart, the Bollinger Bands are narrowing and flattening, three consecutive bearish candles have led to a release of bearish volume, KDJ has formed a death cross, and MACD is showing increasing bearish momentum, indicating a possible continuation of the downward trend in the short term. Pay attention to the lower band breakout; if it breaks down, it could trigger short positions, but currently, the focus remains on low buying.

BTC 116000-116500 buying range, looking at 118500-119000.

ETH 3700-3720 buying range, looking at 3820-3880.