8.5 Wednesday evening Bitcoin Ethereum market analysis and trading suggestions


Don't be trapped by the curse of falling prices when buying and rising prices when selling. The cryptocurrency world is a battlefield of cognitive realization. Everyone has a different rhythm; some rely on short-term trades to capture price differences, while others bet on trends with long-term investments. There is no absolute right or wrong, only what suits you. If you make a mistake, review it; if you are right, consolidate your gains. Every operation is an opportunity for cognitive upgrading. Remember, in this market, what can defeat you is not the market trend, but your own greed and fear—stay steady, and you've already won half the battle. The afternoon market review shows that after a wave of upward movement, Bitcoin and Ethereum have both entered a sideways consolidation phase, presenting a technical pattern ready to take off. We positioned a long order at the price level of 114400. Following this, the market steadily climbed as expected, and we chose to take profits at 114300, successfully capturing a space of 900 points.
From the current market analysis, the overall market is in a weak oscillation pattern under the pressure of the mid-track. Short-term technical indicators are beginning to show signs of bottom repair, but the trading volume remains insufficient, currently experiencing repeated fluctuations during the rebound process. The index has repeatedly tested the mid-track resistance without success, indicating that the selling pressure above is still heavy, but it shows that market risk appetite is still in the repair stage, so we will continue to maintain an upward outlook this evening.
Bitcoin: Buy near 113800-113400, short-term target 11500
Ethereum: Buy around 3580, short-term target 3700
#Gate ETH 挖矿年化收益 5%# #晒出我的Alpha积分# #加密IPO热潮#
ETH7.12%
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