August 8th BTC/ETH Technical Analysis and Trading, Follow the official Jin Che on Coin Talk

From the four-hour timeframe, the price stabilized and rebounded after touching the 90642 level, currently forming a double bullish trend. It is worth noting that the price has remained above the lower band of the Bollinger Bands, with no signs of effective breakdown. The 90000 integer level serves as an important critical point for the bullish-bearish transition; during this downward correction, support was maintained and not effectively broken. Therefore, this pullback is merely a technical digestion of the previous upward trend, and the overall market trend has not undergone a fundamental change.
This round of decline did not effectively break through the support zone below, which has become a key dividing line in the game of tug-of-war. It is highly likely to trigger a trend reversal and upward movement. On the one-hour chart, after successfully testing the Bollinger Band lower support, the market has shown a technical recovery with a fragmented bullish pattern. Although the bullish candle bodies are shrinking, the indicators in this cycle have formed a golden cross pointing upward. Multiple technical signals resonate, indicating that market sentiment is in the process of bottoming out and warming up. For early trading, follow the trend and set proper defenses.
Bitcoin near 91000-90500, target around 93000
Ethereum near 3150-3130, target around 3250