8.10 Sunday Early Morning BTC Silk Road Analysis

During the afternoon, BTC made an independent move, with the price oscillating upward from 116300, reaching a high of 117900. The Bollinger Bands on the hourly chart are flattening, indicating a balance between bullish and bearish forces in the short term; however, the price has gradually risen from the lower band and broken through the middle band, signaling an increase in bullish momentum on the technical front.

In terms of operations, if the range holds, the key levels are clear: set long positions around 116600-116200, with targets at 117600-118200; if the price reaches 118200, it is recommended to take profits with a light position, and pay attention to the pullback targets of 116000-115600. $BTC $ETH $XRP #ETH突破4000 #特朗普加密新政 #比特币流动性危机