Don't be afraid of fluctuations; they are the prelude to success. Hold tightly to your chips and set sail towards the shores of financial freedom! On Thursday afternoon, Bitcoin's market saw a slight rebound to the 122072 high point before facing pressure, and the price subsequently entered a retracement phase again. As evening approached, it stopped at the 117546 low point. Ethereum maintained a synchronized movement with Bitcoin in the afternoon, first rebounding up to the 4790 high point, then starting a fluctuating downward rhythm. As evening came, the price fell back to the 4514 low point before halting its rebound. Due to the impact of evening news, we positioned long orders for Bitcoin and Ethereum in the afternoon, both exiting with slight losses.

According to the current market situation, the four-hour level shows that the market is in a three consecutive bearish trend, breaking through the middle track of the Bollinger Bands. All moving average indicators are showing a downward trend. However, the second round of retracement has not broken the overall upward structure, and the overall market is still maintaining an upward channel. Combined with the previous trend, the current retracement is just a technical adjustment after the price has reached a high. From the one-hour level, the market has broken through the lower track of the Bollinger Bands with consecutive bearish candles, but there is a long lower shadow under the current bearish candle. This wave of retracement is likely the result of short-term panic in the market caused by news. Currently, the KDJ indicator shows that all three lines are turning upwards. Therefore, in our evening operations, we will adopt a strategy of buying low after the retracement.
You can long Bitcoin around 119,000, targeting 122,000.
Buy long around Ethereum 4570, target at 47500 #Gate 8月储备金报告出炉# #BTC再创新高# .