Last night, BTC experienced a strong pump, which raised the range. In the early morning, BTC reached a peak of 115674 before pulling back under pressure. As of now, the price is still in a range-bound movement between 114500-115500, while Ether's trend is moving upwards in a step-like manner. Previously, the strategy around 3650 was accurately verified, and the short-term also achieved a decent fifty-point range.


From the perspective of the market, BTC's price is attempting to stabilize above 115000. On the four-hour level, the price has touched the upper bound and is under pressure, showing a pullback. However, the two consecutive bearish candles have long lower shadows, indicating that buying pressure continues to strengthen. From the technical indicators, the momentum is slightly insufficient, and there may be a certain pullback in the future market. Attention should be paid to the critical level of 114500. In conjunction with Ether's trend, there is potential for further continuation of the range-bound movement. The target of 3750 set for the evening is still achievable, and the four-hour chart has been operating above the middle line. Various signs indicate that the future market remains bullish. Currently, we only need to pay attention to whether the price can strongly break through the critical resistance zone of 3680-3700, which is also a relatively important support zone from the past.
BTC is recommended to buy on dips near 114500, with a target of 116500; Ether should be bought near 3650, with a target of 3750. In future operations, strictly enter the market with a light position, pay attention to defense, and make timely adjustments to prevent price correction risks.
ETH-0.22%
BTC2.28%
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GateUser-4bee5fafvip
· 08-07 08:49
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