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Event ends: August 9, 16:00 UTC
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The white market trend has completed. Let's briefly review today's midday movements. BTC started dipping to the 117388 line from early morning until the morning, then began to show a strong upward posture, reaching a maximum rise to the 119258 line. Our analysis on buying low was also accurately grasped, as we entered BTC again at 118752 in the early morning, and exited at 119720, earning a profit of 968 points. Then, we entered again at 117730 during midday, and exited at 118684, earning a profit of 954 points. The market is easy to trade, as long as you participate around the old strategy without being overly cautious, then making profits will come naturally.
The BTC daily chart continues to show a high-level oscillation pattern. Despite multiple attempts to break through, it has failed to form an effective unilateral trend. The price quickly fell back after touching the 123300 level, and after dipping to 114667 last Friday, it rebounded quickly as well. The daily chart has consecutively formed candlestick patterns with long shadows, indicating intense bullish and bearish battles. Currently, the price oscillates repeatedly within the 120000-117000 range, and due to the large volatility, the entry point for real positions is particularly important. Although ETH's trend remains correlated with BTC, it demonstrates a stronger resistance to declines. Its price lows are gradually rising, and after corrections, it is always able to quickly recover lost ground while continuously refreshing stage highs. The current market trend is still dominated by bulls, maintaining a bullish outlook, and choosing to buy on dips is always the preferred strategy.
BTC can be bought in the evening at 118800-118300, with a target near 120000; Ethereum can be bought at 3850-3820, with a target near 3950. #以太坊重返3800#