Wednesday daytime analysis and operations

Today is a special day, marking the 80th anniversary of the victory of the Chinese People's War of Resistance Against Japanese Aggression and the World Anti-Fascist War! We must commemorate this first!

First, let's talk about how K-line fluctuations reflect human nature, where a rational mindset is more important. In the early morning, Bitcoin fluctuated around 110,000, rebounding to around 111,000 after dropping from near 111,700 to 110,000; Ethereum followed suit, dipping from 4,350 to 4,250, then rebounding to around 4,320.

From a technical perspective, the Bollinger Bands on the 4-hour chart are narrowing, testing the middle band and moving upwards. The MACD bearish momentum is weakening, and the KDJ has formed a golden cross. Short-term moving averages are in a bullish arrangement, and the pullback is a technical adjustment. Bitcoin at 110,000 and Ethereum at 4,250 serve as strong support, with bulls accumulating momentum. If Bitcoin stabilizes at 111,500 and Ethereum at 4,330, they are likely to test previous highs around 113,500 (Bitcoin) and 4,400 (Ethereum).

Bitcoin: Buy around 110600, target around 112000
Ether: Buy around 4260, target near 4380 #BTC# #ETH# #Gate 新上线 WLFI# #九月份加密市场能否突破# #今日你看涨还是看跌？#