Lao Hu 8.8 Morning Analysis and Trading Suggestions
From the hourly analysis, the Bollinger Bands are still slightly expanding, with prices rising from the lower band to above the middle band, having temporarily exited the oversold region; the MACD indicator has formed a golden cross below the zero line, with the red bars gradually increasing, indicating that bullish momentum is still building.
Looking at the four-hour chart, the market shows a trend of five consecutive bullish candles, continuously expanding upwards relying on the upper band, and after multiple pressures recently, it has quickly recovered each time. The morning outlook is clear, and the upward trend remains strong; we maintain a prudent strategy, buying on dips.
Trading Suggestions:
Buy $BTC around 116700-117200, with a target near 118500;
