Observing the current market conditions, the four-hour candlestick chart shows that the current coin price is close to the lower Bollinger Band. The Bollinger Band is showing signs of narrowing, indicating that market volatility is decreasing. The key moving forward is whether the coin price can effectively break through the middle band. If it can successfully break through and maintain stability, it is expected to challenge the upper band; conversely, if the attempt to break through fails, there may be further downside risks.
In the one-hour candlestick chart of Ethereum, the current coin price is below the midline, and it is important to closely monitor whether the coin price can return above the midline in a timely manner. If it cannot rebound for an extended period, the coin price may continue to oscillate between the upper and lower bands, with the possibility of testing the lower band support again; if it can break through the midline, it is expected to approach the upper band of the one-hour chart.
BTC recommendation: 108000-108500, target 110000
ETH recommendation: 4300-4330, target 4400
You need to go with the trend, always stay rational, defend well, and never blindly resist! Wishing you all the best, seize every wave of market conditions, and we will always move forward together! #Gate重磅上线GUSD##ETH走势分析##Solana财库公司崛起##BTC##ETH#
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8.31 Bitcoin Strategy Analysis
Observing the current market conditions, the four-hour candlestick chart shows that the current coin price is close to the lower Bollinger Band. The Bollinger Band is showing signs of narrowing, indicating that market volatility is decreasing. The key moving forward is whether the coin price can effectively break through the middle band. If it can successfully break through and maintain stability, it is expected to challenge the upper band; conversely, if the attempt to break through fails, there may be further downside risks.
In the one-hour candlestick chart of Ethereum, the current coin price is below the midline, and it is important to closely monitor whether the coin price can return above the midline in a timely manner. If it cannot rebound for an extended period, the coin price may continue to oscillate between the upper and lower bands, with the possibility of testing the lower band support again; if it can break through the midline, it is expected to approach the upper band of the one-hour chart.
BTC recommendation: 108000-108500, target 110000
ETH recommendation: 4300-4330, target 4400
You need to go with the trend, always stay rational, defend well, and never blindly resist! Wishing you all the best, seize every wave of market conditions, and we will always move forward together! #Gate重磅上线GUSD# #ETH走势分析# #Solana财库公司崛起# #BTC# #ETH#