8.13 Morning BTC & Ethereum Analysis
Yesterday's CPI data met market expectations, US stocks opened high, boosting the entire crypto market 📈 September interest rate cuts are basically confirmed, this wave of bulls is going to celebrate!
Bitcoin
Compared to other major coins, Bitcoin is as stable as a ‘calm sea god needle’, oscillating and accumulating strength around 120000. Looking at the 4-hour level, a bullish engulfing pattern signals a clear bullish trend, the main force is just temporarily pulling ETH, let’s patiently wait for the breakout!
KDJ golden cross pointing up, MACD bearish volume shrinking — this is a signal of ‘bullish accumulation’!
Operation: Buy around 119000 - 119500, target at 120700 - 122000 - 123300. Set a stop loss at 118500, cut the position if it breaks, hold tight if it doesn’t!
Ethereum
Key area of heavy firepower for the main force! Recently strong upward movement, 4-hour level bullish pattern is full, technical indicators KDJ golden cross, MACD strengthening — don’t chase this wave, you’ll miss the chance to get rich!
Operation: Buy around 4540 - 4570, target at 4630 - 4680 - 4780. Set a stop loss at 4500, exit if it breaks, keep up and profit!
Follow Xiao Wai, let him help you seize this wave of interest rate cuts + dual positive market conditions!
