8.13 Wednesday evening Bitcoin Ethereum market analysis and trading suggestions

Bitcoin took the lead and surged, reaching a high of 120704 before encountering resistance and falling back; Ethereum, after initially declining, rebounded from a high of 4681, retracing to 4608 for support, and then strongly rebounded to a high of 4714. We accurately grasped the market rhythm, positioning a short order for Bitcoin at 4659, successfully capturing the pullback low at 4615, securing a steady profit of 44 points; then, following the trend, we went long at 4632 and took profit at the high of 4702, gaining another 70 points. These two operations perfectly matched the market volatility rhythm, fully demonstrating our precise market prediction and flexible response capabilities.
From the analysis of the current market trend, the overall market shows a strong bullish arrangement trend, and all major technical indicators are sending bullish signals. Bitcoin is using the middle band of the Bollinger Bands as a strong support level on the 4-hour timeframe, continuously oscillating and consolidating in a relatively high range, digesting profit-taking by repeatedly testing the upper resistance level. This healthy pullback is setting a solid foundation for future breakthroughs. Ethereum's price action has shown several consecutive bullish candles on the daily chart, with trading volume moderately increasing, indicating that market enthusiasm for buying is continuing to rise. Currently, the price is continuously challenging the previous high resistance level, and the entire market is in a healthy upward channel. The current market is still under bullish control, and it is recommended to maintain a bullish outlook. In terms of trading strategy, focus on low-entry opportunities for Bitcoin near support levels, as well as momentum follow-up opportunities for Ethereum after breaking through previous highs. We still look for a pullback before a breakthrough.
Bitcoin: Buy around 120000-1195000, short-term target 122500
Ethereum: Buy near 4650-4630, short-term target 4780
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