8.5 Tuesday Midday BTC/ETH Market Update:
Yesterday, Bitcoin was still fluctuating and consolidating. As soon as the US stock market opened with a rise in the evening, it surged like it had been injected with adrenaline, heading straight for the 116000 mark! Although there is a slight pullback now, the upward momentum seems to be lacking. We should maintain a low-risk strategy and proceed steadily!
From the four-hour chart, the bullish signal is quite clear; it has broken above the mid-line and continues to test the upper line, with the Bollinger Bands extending upward. Although the upper line is tightly constraining, if it can break through 116200 in the four-hour timeframe, the upward trend may continue.
Trading Advice: Focus on low-risk opportunities
Buy Bitcoin around 114000, target 116000-116500
Buy Ethereum around 3640, target 3770-3800
