The market is like a summer thunderstorm, always arriving at unexpected moments. Only those investors who have accumulated experience in a Bear Market can seize every opportunity and reap bountiful rewards when a bull run arrives.



The cryptocurrency market experienced significant volatility today. After a day of fluctuations, Bitcoin finally broke through a key resistance level in the evening, briefly climbing to around $122,218. Subsequently, the price showed a V-shaped trend, indicating market uncertainty.

At the same time, Ethereum's performance has been stronger. From the 4-hour chart, although there have been two small bearish candlesticks, it has not interrupted the overall upward trend. Ultimately, the price of Ethereum reached around $4,738, and then entered a consolidation phase.

Analyzing the overall trend of Bitcoin, the 4-hour chart shows a four consecutive bullish candles pattern. However, the upper Bollinger Band provides some resistance, leading to a longer upper shadow on the candlestick. Nevertheless, the bulls still dominate. From the 1-hour chart, the price quickly retreated below the upper Bollinger Band after a sharp rise, but this pullback is noticeably weaker than the previous upward movement. Currently, the price has begun to rise slowly again, and the MACD indicator remains in an upward trend, indicating that a low-position long strategy may still be effective in the short term.

For trading strategies, consider looking for long opportunities in the Bitcoin range of $121,600 to $121,100, with a target price around $123,000. For Ethereum, pay attention to long opportunities in the range of $4,710 to $4,680, with a target price of around $4,780.

As the market continues to strengthen, investors need to closely monitor market changes, manage risks wisely, and seize potential investment opportunities.
BTC-2.43%
ETH-4.78%
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BloodInStreetsvip
· 08-15 11:17
suckers play people for suckers again.
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rekt_but_resilientvip
· 08-13 18:51
The market surged again.
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DegenWhisperervip
· 08-13 18:41
Only when the bull run arrives do I realize my Wallet is so empty.
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StablecoinGuardianvip
· 08-13 18:36
Stabilized, long positions To da moon.
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