Bitcoin and Ethereum latest market trend analysis: On 8/13, life will never disappoint those who run hard; those nights of gritting your teeth and persisting, those moments of fighting against fatigue, will all become the stars that illuminate the road ahead. Don't be afraid of the long journey, what you should fear is giving up halfway--you must believe that no matter how difficult the road is, taking it step by step will eventually lead you to the destination. In the early morning, Bitcoin continues to show a sideways consolidation trend, oscillating within a narrow trading range; meanwhile, Ethereum shows strong performance, attempting to break through the resistance level multiple times during the day, ultimately successfully reaching a high point of 4682, setting a new recent high.


Analyzing the 4-hour candlestick chart, Bitcoin is currently maintaining a narrow range of fluctuations, with both bulls and bears evenly matched, adopting a wait-and-see attitude. Ethereum has shown a strong performance recently, forming a clear divergence from Bitcoin. Technically, Ethereum is in a short-term correction phase, and it is recommended to first pay attention to the correction trend, and after stabilizing, look for opportunities to layout a breakout.
Bitcoin: Buy around 118500-119000, short-term target near 121000
Ethereum: Buy near 4580-4600, short-term target around 4700, if it breaks, look for around 4750 #ETH突破$4,600# #CPI数据来袭# #晒出我的Alpha积分# #比特币市值超越亚马逊# #加密总市值创历史新高#
BTC1.29%
ETH2%
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