8.11 Early Morning Analysis
On the daily chart, it is oscillating within a certain range, and the long upper shadow from August 10 indicates significant selling pressure above. The MACD is near the zero line, showing an unclear trend, while the RSI has pulled back to around 50.
On the hourly chart, the candlestick is slightly ↑, the volatility ↓, and both the MACD's DIF and DEA are converging downwards, with momentum tending towards balance. The RSI is in a neutral to strong area, having broken through the hourly EMA7 and is running above the EMA30. There is effective short-term support, and overall there is a certain ↑ trend in the short term, but selling pressure still exists above.
Suggestions
Bitcoin: Can buy around 118100-117500, target 119200-119800.
Altcoin: Can buy around 4190-4140, target around 4280-4350.
