Market Analysis on August 8th, Early Morning:

Bitcoin first surged strongly to around 116800, followed by high-level fluctuations. The hourly Bollinger Bands show a strong characteristic, with the middle band and upper band sloping upward, and the opening widening, indicating strong upward momentum in the short term. During the surge, it broke through the upper band resistance, and in the consolidation phase, it stayed closely above it, with bulls in control and strong support.

Operating Suggestions: Position long orders for Bitcoin in the range of 115500-116500, with a target of 117500-118500;

For Ethereum, go long in the range of 3780-3800, with a target of 3900-3950.$BTC $ETH