August 18 Morning BTC/ETH Market Analysis

The market for the first trading day of the week has gradually unfolded. In the morning, ETH experienced a surge after yesterday's decline and consolidation, and BTC showed a similar trend.

From the perspective of short-term follow-up trends, the hourly chart shows that after a downward spike occurred in the early morning, there has been some correction, with the K-line displaying consecutive green bars. From a technical standpoint, this morning's surge has temporarily exhausted the current bullish momentum. The price has not yet broken through the previous high and is oscillating near the middle band of the Bollinger Bands. It is expected that there may be a pullback first before another surge.