Xu Xu Baby said that on August 11, the analysis of Bitcoin:

Yesterday, the long position at 116,500 precisely reached the target of 119,000, achieving a 2,500-point gain, with a clear bullish rhythm. On the daily chart, the MACD bearish momentum is weakening, the golden cross is approaching the zero line, and the KDJ is diverging upwards, indicating the continuation of the bullish trend, with the upper resistance at 120,500 being key.

The four-hour chart shows that at 119,000 it faced resistance and fell back into the Bollinger Bands, indicating a short-term need for a pullback, but the bearish strength is limited, with effective resistance only above 120,000, so shorting should be done cautiously.

Operational strategy: Focus on low longs in the 117,000-118,000 range, targeting 119,000-120,000. After breaking through, increase positions to the upside. #BTC #BTC走势分析 #特朗普允许401(k)投资加密货币 #特朗普加密新政 #美联储比特币储备