Analyst Liang Qiu: 8.4 Bitcoin/Ether quickly pumped at the beginning of the week. Is it reopening the rise channel?



Bitcoin/Ethereum has been fluctuating and pumping since the low point of 3350 and around 112000 in yesterday's early session, essentially pumping for a day with relatively small pullback strength. At one point in the early session, it pumped to the levels of 115000 and 3558, but has currently seen some pullback. The upper level of 115000 has just reached resistance and has begun to pull back, indicating that the upper integer level remains under pressure. The rapid pump at the moment does not indicate the arrival of a bullish trend, but rather suggests a recovery from the significant short-term decline.

The K-line pattern at the daily level shows that the recent price has overall presented a rebound trend after a period of oscillating downward. At the 4-hour level, a longer lower shadow was formed during the K-line decline, indicating that there is some buying support below, but the pressure above remains evident. In terms of technical indicators, the 4-hour MACD histogram is gradually shortening, and the fast and slow lines are approaching the zero axis, indicating that bearish momentum is weakening but has not fully transitioned to a bullish trend. Currently, after a rapid rise, the market has touched the overhead pressure and started to pull back, suggesting that a wave of retracement and consolidation may be on the horizon.

The operational suggestion is to pump Bitcoin around 114800, with a target near 113000; pump Ethereum around 3540, with a target near 3450.

[The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication do not guarantee timeliness; the specifics are subject to real-time conditions.] #6 BTC全民空投限时派送中# #Gate Alpha积分撸40U# #白宫加密报告发布#
ETH5.09%
BTC-0.35%
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Wangcai13vip
· 08-04 15:04
Can 3550 breakeven?
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AADoesNotLikeCoriandvip
· 08-04 12:47
It is now 3563.
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AADoesNotLikeCoriandvip
· 08-04 12:46
Can I still access 3540 Kong now?
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