8.10 Sunday Early Morning BTC Silk Road Analysis
During the afternoon, BTC moved independently, with the price oscillating upward from around 116300, reaching a high of 117900. The hourly Bollinger Bands are in a horizontal position, with the three lines flattening, indicating that short-term momentum is temporarily balanced; however, the price is gradually moving up from the lower band and has broken through the middle band, signaling a strengthening of short-term bullish momentum.
In terms of operations, if the current oscillation range does not break:
✅ Around 116600-116200 bullish, target looking at 117600-118200
✅ If it reaches 118200, can lighten the position, target 116000-115600
