#8.13 Summary of Yesterday and Suggestions for Early Today

Yesterday, Bitcoin and Ethereum were mainly in a state of oscillation, experiencing a game of tug-of-war, until the evening when the news settled and the market gradually emerged. Yesterday, Bitcoin mainly stayed around a range of approximately 3000, while Ethereum gained nearly 400 in space. The short-term strategy in the evening was also relatively aligned, making it quite favorable for actual transactions.

Many friends truly watched the market pass right by them; for instance, during that sudden surge earlier, some people had already captured quite a few points, while you were still fixated on the candlestick chart, agonizing over whether this was a false signal, missing this opportunity and uncertain when the next good chance might come. Therefore, the fluctuations of the market never wait for the hesitant.

From a technical analysis perspective on Bitcoin's 4-hour chart, the price has been oscillating around the middle band of the Bollinger Bands. The short-term support is effective, indicating strong buying pressure, and has also integrated short-term candlestick stabilization signals. Previously, the price surged to 122450, showing bullish momentum; during the pullback phase, the volume has contracted, reflecting a gradual release of selling pressure. Looking at the Bollinger Bands, they have temporarily narrowed, which is actually a sign of accumulation; if the volume increases subsequently, the price is expected to break above the previous high of 122450, continuing the upward trend. Currently, the structure is intact, and the short-term adjustment is more inclined toward continuation and consolidation, with upward expectations still in play. Set stop losses to prevent significant pullbacks later.

Suggestions:

Bitcoin around 118800, aiming for 121000,

Ethereum around 4420, aiming for approximately 4560 near $BTC #ETH突破4400 $ETH