8.6 Wednesday Afternoon Bitcoin Ethereum Market Analysis and Trading Suggestions

There is no shortcut to getting rich, and no fast lane to profit. All doubling comes from respecting the cycle and patiently waiting; all gains come from counter-trend layouts and firm holdings. Starting from now, understand the trend, accumulate chips step by step, and you can also reap your own miracle in the coin circle. The market first declined and then rose, with Bitcoin experiencing a volatile decline after opening, reaching a low of 113337 support before stabilizing and rebounding. Subsequently, bulls made a strong push, driving the price up to the 114371 line. Ethereum fell back from the 3624 resistance early in the morning, reaching a low of 3560 support area before entering sideways consolidation. After sufficient accumulation, bulls made another strong push, breaking through the morning high to the 3661 line. The bullish outlook we assessed in the morning was validated, with the Ethereum long position laid out at 3567 being closed for profit at 3649, successfully capturing a space of 82 points.
From the current market trend, the price has entered a 4-hour level range oscillation pattern. The price fluctuates repeatedly between the middle and lower bands of the Bollinger Bands, forming a distinct oscillation box. The middle band has established strong resistance, and during this period, the price has attempted to break through this resistance level multiple times but has retreated due to insufficient volume. However, from the support perspective, each pullback has received effective support near the lower band, forming a gradually rising support platform. We expect a bullish breakout in the afternoon.
Bitcoin: Buy near 113900-113700, short-term target 115500
Ethereum: Can go long near 3620-3600, short-term target 3700

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