8.17 BTC/ETH Insights
Last night, our long position strategy was established, and we entered around 1146 after the pullback following the US stock market. It then reached around 1158, entering a brief consolidation, but the bullish trend we firmly believe in also emerged in the morning, with the price reaching 1169. We perfectly captured a space of 2000 points.
Currently, the bulls are still strong, and with interest rate cuts entering a countdown, it is not unreasonable to go long without thinking too much at this point. For a more cautious approach, one could wait for a slight pullback before entering long positions.
BTC is fluctuating around the range of 1158-1163, with support at 1150, aiming for a breakthrough at 1169-1176, looking to target 1185 (I have also entered at the current price).
ETH is fluctuating around the range of 4487-4506, with support at 4430, aiming for a breakthrough at 4540-4582, looking to target 4630 (I have entered at the current price).
