Bitcoin and Ethereum market analysis and trading strategy on August 9th, early morning.



The daily chart shows a continuous rise for several days, forming a clear upward trend. On August 8, the closing price broke through the previous high of 4066, presenting a strong bullish candlestick.
The hourly level has recently fluctuated in the range of 4050-4066, with multiple tests of the 4066 resistance level failing to break through effectively. The MACD on the hourly chart is above the zero line, with bullish bars continuously increasing, but momentum has weakened, and the fast and slow lines are gradually converging, which may indicate a potential death cross. The RSI on the hourly chart is at 71.76, entering the overbought zone, posing a short-term risk of a pullback; however, the daily RSI remains in a healthy range, indicating a strong medium-term trend. The EMA 7 on the hourly chart has strong support, with the current price operating above EMA 7, EMA 30, and EMA 120, indicating an overall upward trend. However, attention should be paid to whether the price falls below EMA 7, around 4007.

Ethereum: 4000-3950 more, target 4080-4100
Bitcoin: 116300-115800 buy, target around 117500 #特朗普允许401(k)投资加密货币# #山寨币普涨#
BTC-1.54%
ETH-4.06%
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