In the crypto world, fear and greed are eternal adversaries, and you are the protagonist in this game. Abandon distractions, stay clear-headed, and use wisdom and courage to take control of the market. Every decision is a transcendence of self, and every profit is a badge of strength. On Thursday morning, Bitcoin's price strongly reached a high of 124545, then faced pressure and entered a pullback phase, until midday when the price dropped to a low of 121318. Brother Sheng also captured this pullback at midday, decisively laying out a short order for Bitcoin, entering near 122982, and exiting near 121639, securing a space of 1350 points. The Ethereum market continued to maintain a fluctuating upward trend, with the price rising from last night's low of 4616 to a high of 4788 by midday. Brother Sheng once again laid out a long order for Ethereum at midday, entering near 4729 and exiting near 4781, securing a space of 52 points.

According to the current market situation, the four-hour level shows that after experiencing six consecutive bullish candles, the price faced resistance, and at the same time, the bears initiated a relatively strong pullback, causing the price to fall below the upper Bollinger Band. However, the lower part of the bearish candlestick has a certain shadow, indicating that there is still support below in the short term. Coupled with the fact that the Bollinger Bands are maintaining an upward opening, the overall trend still leans toward a bullish pattern. From the one-hour level, after experiencing five consecutive bearish candles in the pullback, the market has slowed down. This indicates that the bears lack the strength to break through during the pullback process, and the continuation of bearish momentum in the shorter time frame is weak. Therefore, in the afternoon, after the market retraces and pauses, there is a high probability of a rebound. In terms of trading strategy, we will focus on low long orders after the pullback.
A long order can be placed near 121000-121500 for Bitcoin, targeting 123000.
Ethereum around 4700 can go long Target looking at 48000 #Gate 8月储备金报告出炉 #BTC再创新高