8.8 Yanqu Qiu midday market analysis

Today, the performance of Bitcoin and Ethereum is remarkable, which can also be linked to the auspicious date of August 8—Ethereum has even set a new high for the year, and those who went long are definitely reaping the rewards!

After the morning session, the market is likely to experience a slight pullback in the afternoon. It is important to note that the pullback is not an invitation to short; rather, one should pay attention to long opportunities below. As long as Bitcoin maintains the 115000 level on the daily chart, the upward trend is likely to continue after a minor pullback. Coinciding with Black Friday, it is worth paying extra attention to whether there will be sudden fluctuations in the evening market.

Pancake trading advice: You can place long positions in the range of 116000-115500, with a target looking at around 118000-118600. #加密IPO热潮#