Strategy analysis on August 10:
Bitcoin has been in a range consolidation recently, with 60,000 as the key support level. It is currently stable and rebounds quickly even if it falls back to around 59,500. Considering the lack of a clear unilateral trend and major news drivers in the market, prices are expected to fluctuate within the range.
Operational suggestions:
Bitcoin:
- Go long if it falls back to the range of 59,500-60,000, with a target of around 61,300.
- Go short if it rebounds to the range of 61,100-61,500, with a target of around 59,800.
Ethereum:
- Go long if it falls back to the range of 2550-2570, with a target of around 2660-2680.
- Go short if it rebounds to the range of 2680-2650, with a target of around 2550-2560.
