8.11 Morning Bitcoin Strategy Analysis

There is no tree that grows overnight, nor is there a road that leads to heaven in one step. Life is full of mud, and you always say you can 'do it'?

On the 4-hour level, the market is fluctuating upward and has broken through the upper Bollinger Band. The Bollinger Bands are opening upward, and the moving average system shows a bullish arrangement, indicating that the bullish power is dominant. However, the K/J values in the KDJ indicator have entered the overbought zone, suggesting that there may be a risk of a pullback in the short term. Observing recent trends, although the bulls have experienced slight pullbacks after each upward movement, the extent of the pullbacks has been limited and not persistent.

From the perspective of technical analysis on the 1-hour level, the Bollinger Bands show positive signals, and the recent price has broken through the upper Bollinger Band, indicating strong bullish momentum in the short term. The middle band maintains an upward trend, providing effective support for the price, while there is sufficient space between the lower band and the current price, indicating strong support below. The K-line has continuously closed positive and has broken through the previous high. Although the trading volume has not significantly increased, the characteristics of the bullish trend are evident, and the overall technical outlook leans toward bullishness, with the possibility of further upward movement in the short term. Set your stop-loss to guard against price retracement.

BTC Recommendation: 118500-118000, Target 120000

ETH Recommendation: 4180-4200, Target 4350

You need to follow the trend, always stay rational, defend well, and never blindly resist! Wish you all the best, grasp every wave of the situation, we have always walked side by side! #币安Alpha上新 #ETH走势分析 #比特币流动性危机 #下一任美联储主席人选 #ETH巨鲸增持 $BTC $ETH $BNB