8.11 Morning Analysis
Reviewing the night, the bitcoin ended a short-term oscillation整理 at dawn, once again releasing momentum, reaching the 119500 line, continuing its recent strong performance.
From the hourly boll perspective, the upper track and middle track maintain a diverging slope upwards, indicating that the short-term upward trend momentum continues to be released, with market sentiment dominating; the lower track is also slightly moving upwards, showing that the support level is following the trend. The overall track opening shape provides supporting space for the upward movement. The entity is closely adhering to the upper track, reflecting that the current momentum is dominant.
Therefore
Bitcoin can be arranged around the 118500-118000 range
The target can look at the 119600-120500 range
The second bitcoin can be arranged around the 4240-4200 range
The target can look at the 4360-4420 range
