8.12 Tuesday Early Morning Bitcoin/Ethereum Market Analysis: The Bullish Momentum Remains Unchanged, Pullbacks Are Opportunities!

The current market is driven by the news of 'expected interest rate cuts three times', BTC/ETH has entered a strong bullish trend:

• Bitcoin surged from 118000 to 122300, with a pullback to 119200 in the evening, currently operating at a support level below, need to closely watch if the 119000 level can hold. If the bottom is not broken, the strong bullish pattern remains unchanged, with all indicators looking positive. Each pullback is a great opportunity to enter long positions, operations should focus on low-long positions!

From the four-hour chart, the Bollinger Bands are expanding upwards, with the middle band continuously moving up, bearish momentum gradually weakening, and the bullish trend becoming clearer. The middle band support has been touched multiple times without breaking, further solidifying the low-long logic!

Trading Suggestions:

• Bitcoin: Enter long positions in the 119000-119500 range, targeting 121000-122000

• Ethereum: Enter long positions in the 4230-4270 range, targeting 4350-4400

Seize the pullback window and follow the bullish rhythm!