8.3 Morning Bit Strategy Analysis

In the four-hour chart, the Bollinger Bands have significantly widened, and the K-line continues to operate within a descending channel. The MACD indicator's two lines have formed a death cross and are diverging downwards, indicating strong bearish momentum, despite trading volume remaining at a high level. However, the KDJ indicator's three lines show a turning trend upward from the bottom, with the lower Bollinger Band providing some support, though the support is limited. In the hourly chart, the Bollinger Bands open downwards, and the price of Bitcoin is located below the middle line, with several moving averages exerting pressure despite a brief rebound.

The current market sentiment is becoming cautious, and after recent fluctuations, prices have entered a relatively adjustment period. Future market trends should closely monitor the breakthrough of the upper resistance levels and the stability of the lower support levels. In terms of operational strategy, it is recommended to buy on dips when prices pull back.

BTC Recommendation: Current price is 嗯 Target around 114000

ETH recommendation: around 3380, target 3480

We must act according to the trend, always remain rational, defend well, and never blindly resist! Wishing everything goes smoothly, seize every wave of market conditions, and we will continue to move forward together! #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# #BTC# #ETH#