8.5 Tuesday morning Bitcoin Ethereum market analysis and operation suggestions

In the wave of the cryptocurrency market, opportunities and risks coexist, but true winners are never reliant on luck. Do not panic and cut losses when the market declines, and do not blindly chase highs when it rises. Use cognition to combat emotions and strategies to withstand volatility. Remember, those who can traverse bull and bear markets are always those who respect the market and continuously evolve. Looking back at the midnight market, Bitcoin once pulled back to the support level of 114,572 before gaining buying support, followed by a strong rebound, reaching a high of 115,291. Ethereum quickly rebounded after testing the key support level of 3,660, with a peak intraday rise to around 3,733, forming a clear V-shaped reversal pattern. As predicted by Xiao Ge earlier, the market overall maintains a bullish pattern, and this precise bullish strategy has again been perfectly validated.
From the current daily level trend analysis, the market, after experiencing six consecutive days of decline, has finally welcomed a turning point. This series of six consecutive declines was strongly ended by two bullish candles, marking the exhaustion of bearish forces and the beginning of a bullish counterattack. From the candlestick pattern perspective, the medium bullish candle that closed yesterday not only successfully reclaimed the losses of the previous three trading days but also indicates that the market's buying momentum is gradually accumulating. We maintain a bullish outlook for the day.

Bitcoin: Buy near 115000, short-term target 117000
Ethereum: Buy near 3700, short-term target 3800

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