8.6 Morning Bitcoin Strategy Analysis

There is no tree that grows overnight, nor is there a road that leads to heaven in a single step. Life is fraught with difficulties, yet you always say you can "make it"?

The current cautious attitude of the market is evident, and the previous fierce offensive of the bulls has not been sustained. The intraday trend has fluctuated significantly, with slight pressure release during the pullback and consolidation, followed by a technical rebound. The battle between bulls and bears has silently shifted its rhythm. On the four-hour chart, the price reached the lower Bollinger Band and then steadily rose, demonstrating effective support strength. Although Bitcoin shows signs of a pullback during the fluctuations, each dip is quickly recovered, indicating that the foundation of the bulls remains solid and their support has not waned.

Observing the one-hour cycle, the Ethereum bulls have taken the lead in launching an offensive, and the short-term momentum is becoming clearer. Although both bulls and bears are still in a tug-of-war in the short term, the bullish strength is gradually accumulating, and signs of strength have already appeared. Based on this situation, it is inferred that the bulls may have a concentrated breakout in the early morning, leading the market to rebound and recover lost ground, with the replenishment of past declines imminent.

BTC Recommendation: 113500-113000, target 115500

ETH recommendation: 3570-3550, target 3690

We must follow the trend and remain rational at all times. Defend well, and never blindly resist! Wishing you all the best, seize every wave of market movement, and we will continue to walk side by side! #Gate ETH 挖矿年化收益 5%# #晒出我的Alpha积分# #SOL期货交易量创新高# #BTC# #ETH#