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8.31 midday BTC, Ether strategy!
Currently, the four-hour level market has experienced a rebound after a decline, and the price has risen above the lower Bollinger Band. The Bollinger Band is still opening downwards, but the K-line bodies generally have long lower shadows, indicating strong support below and limited downward space for bears. At the same time, multiple indicators' moving averages are starting to turn upwards, with the overall trend leaning towards bulls.
From the one-hour level, the market has continuously broken through the upper Bollinger Band with three bullish candles, and the upward momentum has slowed down, entering a correction phase. However, the bearish momentum is relatively weak, and it is currently a normal technical adjustment. The intraday operation suggestion is to focus on low long positions during pullbacks.
BTC: Buy around 108500, target 110500
Two cakes: Buy around 4450, target 4550
#比特币 Ethereum #Market Analysis