8.11 Morning Analysis
The Bitcoin successfully climbed to the line of 119291 this morning, showing strong upward momentum at the daily level, while the resistance has clearly intensified. From the MACD pattern, it is currently in a golden cross state above water. Although the red bars have slightly narrowed, the energy pool remains ample.
Observing the four-hour cycle chart, the bullish candlestick has a longer lower shadow. The green bars have certain extensions, but overall, the bullish momentum still holds the dominant position.
Suggestions
Bitcoin can be traded around 118800-118200, targeting 119800-112500
Ethereum can be traded around 4250-4220, targeting 4350-4450