Bitcoin Analysis for Sunday Morning, 8.10:
The price movement of Bitcoin is weaker than Ethereum, but overall it is still in a phase of oscillation and correction, with no signs of weakening as anticipated by the bulls. The three consecutive bearish candles on the four-hour chart indicate a pullback, though the strength is not significant, but it effectively releases the bullish sentiment, and the altcoins are attempting a counterattack. We continue to watch the altcoins in the morning.
Bitcoin: Range of 116,000-116,300 for altcoins, target around 118,500.
