8.18 Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions

In the cryptocurrency world, it is a competition of wisdom and courage. Only by continuously learning can one stand invincible. Don't let fear and greed control your decisions; stay calm and patiently wait for the best opportunity like a hunter. Looking back at the daytime market, since the morning, the price has been declining all the way from the high point of 117995 to a low point of 114640. Currently, the bearish momentum is insufficient, and the bulls are starting to exert strength. The strategy of going long in the afternoon with a stop-loss has been exited, and in the evening, we will still proceed with a bullish mindset.

According to the current market conditions, the four-hour level shows the market is in a six consecutive bearish trend maintaining a downward movement. After the decline, it has started to rebound. Currently, this wave of decline is basically over, and the bulls are gaining strength, with a one-sided pattern already formed. The overall trend is completely dependent on the bulls. From the hourly level, after experiencing a round of decline, the market has rebounded and warmed up to oscillate above the lower Bollinger band. Although the bears have provided some rebounds during the process, the rebound strength is weak, and the overall structure remains weak. Therefore, there is a certain expectation for a technical rebound in the future market, so our trading strategy will focus on going long after the rebound.

In the evening, Bitcoin can be bought at 115500, targeting around 117000.

In the evening, Ethereum can be bought at 4330, targeting around 4420. #比特币 $BTC