8.6 Wednesday midday Bitcoin and Ethereum market analysis and trading suggestions: The sea of coins has its own ups and downs, and cycles have their own turning points. In Cryptocurrency Trading, no matter how volatile, there will always be a glimmer of trend. The Bear Market wears down to a bottom, laying out positions waiting for the bull to rise, holding firmly with faith in the cycles, and the doubled returns await you. The market showed a strong pattern of volatile upward movement during the early morning hours, with Bitcoin's price climbing to a high of 114178.4. Ethereum also maintained a narrow range of volatility, quickly dipping to a low of 3542.58 before rapidly rebounding, ultimately rising to a high of 3623.

From the 4-hour chart, the market shows a two consecutive bullish candle recovery trend, and the bullish strength is gradually accumulating. Combined with the daily chart, the current price is oscillating and consolidating near the middle band of the Bollinger Bands. From the overall pattern, it is not a one-sided market, and the short-term trends are changeable. The 5-day moving average and the 10-day moving average show a state of being stuck, and the market may further narrow the oscillation range. On the hourly chart, the price shows a slight pullback after reaching the previous high point, but the extent of the pullback is limited, indicating that support below is relatively solid. Our midday strategy remains to look for high positions to go short.
Bitcoin: Short sell near 113800-113500, with a short-term target around 112800. If it breaks down, watch for around 112000.
Ethereum: Can short around 3590-3620, short-term target near 3520, if it breaks look at around 3460 #加密IPO热潮# #晒出我的Alpha积分# #加密IPO热潮# #比特币市场行情分析# #以太坊ETF连续12周净流入#