8.14 Evening Bitcoin and Ethereum Market Analysis

The recent one-sided upward momentum of Ethereum is indeed strong, but the tighter the risk control must be during such times. From a daily chart perspective, the three major indicators KDJ, MACD, and BOLL still maintain a bullish resonance and a fluctuating upward trend, but they are relatively weak. Additionally, the Bollinger Bands have undergone a certain degree of technical adjustment compared to yesterday. Although the short-term moving averages of MA are arranged in a bullish manner, the increase of the MA5 daily moving average has significantly slowed down compared to yesterday. Currently, both Ethereum and Bitcoin have firmly established a green TD9 pattern. Although the current signals are not particularly clear, the price and the MA5 daily moving average have formed a certain technical gap. It is highly probable that this round of increase will enter a technical adjustment phase tomorrow. For now, it is better not to enter the market; let's observe the closing situation at 8 PM tomorrow on Friday, okay?

In the short-term 4-hour level, the bullish energy on the indicators also shows signs of reduction, and the short-term RSI indicator has a significant breakout amplitude. It is recommended to maintain a wait-and-see attitude for now or to try small short positions at high points with tight stop losses.

Pay attention to 4770-4790 for trying small positions to short, with a stop loss near 4830, and initially watch 4640 below.

For Bitcoin, pay attention to 121600-122300 for trying small positions to short, with tight stop losses. If subsequent volume adjustments cannot be formed, watch the breakout situation at 123300, with stop losses also set near this level, and pay attention to 117500 below. #BNB创新高 $BTC #BTC再创新高 $ETH