8.7 Morning Market Analysis
In the early morning, BTC surged to 115700 but faced resistance, subsequently retreating slightly, currently fluctuating around 114700. Overall, it is a strong consolidation at a high level, with no deep pullback in price and decreasing volume, clearly indicating a buildup state in preparation for the next round of upward movement.
On the 4-hour chart, a relatively standard 'W bottom' structure has formed, combined with a bullish signal from the bat pattern, indicating that the bullish trend remains strong, and the upward cycle is likely not yet complete.
The short-term approach remains unchanged: a pullback is an opportunity, continue to buy on dips as the main strategy.
Personal Strategy:
$BTC : Buy in the range of 104200-103700, with the initial target around 116500
$ETH : Buy in the range of 3630-3600, with the target around 3800
