8.11 Daytime Thoughts

From the hourly Bollinger Bands perspective, the upper band and the middle band maintain a diverging slope upwards, indicating that the momentum for the short-term upward trend continues to be released, with market bullish sentiment dominating; the lower band is also slightly moving upwards, showing that the support level below rises with the market trend, and the overall opening shape of the bands provides space support for price increases. The price entity is closely aligned with the upper band, reflecting the current strong force taking the lead.

Bitcoin Trading Suggestions

Buy around 118200-118700, with targets around 119600-120600; if it breaks through, look for continued upward movement; if it doesn't break, consider attempting to reverse.