8.18 Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions

Fluctuating markets are not to be feared; what is truly concerning is missing opportunities due to hesitation and losing control due to anxiety. Reviewing the morning market, Bitcoin rebounded from a low of 117496 to a high of 117995, and then the bears took action, driving it down to a low of 115360. Ethereum also rebounded from a low of 4432 to a high of 4533, then fell to a low of 4312. Currently, the bulls are starting to gain momentum, and we are maintaining a bullish outlook for the afternoon.

From the current market perspective, the four-hour MACD green bars are shortening, and the fast and slow lines are showing signs of flattening below the zero axis, with no obvious golden cross signal observed. The short-term rebound might be a correction within the bearish trend rather than a reversal. If it breaks below 115000, it may further test 112000. Resistance above is focused at 11000; it needs to break through this level to relieve the bearish pressure. In terms of trading strategy, Sheng Dong suggests responding with a range-bound approach, paying attention to directional guidance after key level breaks.

In the afternoon, Bitcoin can be bought at 115300, targeting around 117200.

In the afternoon, Ethereum can be bought at 4310, targeting around 4380. #比特币 $BTC