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8.23 Morning Bitcoin Strategy Analysis
Last night the market was hot again, and the price of Ethereum hit a new high. As expectations for interest rate cuts in September gradually strengthen, optimistic sentiment is spreading, and the target price of 5000 points is gradually becoming a reality.
The volatility of Bitcoin reached 5700 points, while Ethereum saw a fluctuation space of 680 points. The operating strategy remains focused on buying the dip, with bullish strength continuing to increase on the four-hour chart. For those who have not yet entered a position, it is recommended to patiently wait for a pullback opportunity to enter, and to set stop-losses and not to hold onto losing positions!
BTC recommendation: 115000-115800, target 118000
ETH Recommendation: 4740-4780, Target 4900
Be sure to follow the trend, always stay rational, defend well, and don't blindly resist! Wishing you all the best, seize every wave of market trends, we will continue to move forward together!