8.14 BTC/ETH market view:

Although midnight provided everyone with a low long idea, the market was simply too strong, so the long position couldn't be entered. Patience is needed to wait for a pullback to get in.

Bitcoin's daily K-line has once again seen a large bullish candle taking off. Today, it opened directly above the upper Bollinger band and reached a new high, with prices moving higher along the upper band. The 4-hour chart shows a similar trend. There’s not much to say about this market; pullbacks are opportunities to go long, and there’s still some reference for support. However, if you're looking to short, there really aren't any reference points—it's just a feeling about which level might not be able to rise... It's well-known that the market doesn't only go up without falling; there will inevitably be pullbacks, or even a crash, a waterfall effect. But whether one can hold their positions to that moment is a question! Personally, in such a large bull market, I would rather die on the path of going long than to guess the top too early, frequently getting trapped in shorts or hitting stop losses and getting liquidated. Moreover, going long is always waiting for a pullback; I've never urged everyone to rush in mindlessly or chase blindly.

The support below Bitcoin focuses on 123000, 121300, and 120000. The strategy for low buying should be centered around these levels. As long as it does not effectively break below 120000, the market will not have significant pullbacks and may instead easily move towards new highs. The upper target to pay attention to is the range of 124000-125000-126000.

The trend of Ethereum is even stronger, with a highest rebound of 4783 yesterday. The daily candlestick shows a strong bullish line that stands above the upper Bollinger band, and the current price is still running above the upper band. The intraday pullback strategy remains unchanged, although we know there is a gap below, we do not know how long it will take to fill it. For now, we will participate in the trend with a low long position.

The support below is focused on 4690 and 4610 here, with low long positions being arranged around this area. The target above is focused on 4750-4850-5000 here. #ETH突破$4700#