8.11 Zhiming Morning Analysis and Suggestions
Currently, looking at the market from the four-hour cycle, the rhythm is very clear, and it presents an overall trend of oscillating upward. It is worth noting that the price has firmly stood above the upper Bollinger Band, and the Bollinger Band is continuously expanding upwards, which in itself releases a strong bullish momentum signal. Looking at the moving average system, the moving averages of all cycles show a tidy bullish arrangement, with the short-term moving averages steadily moving up relying on the medium- and long-term moving averages, further confirming the market's bullish dominance. From the recent trend, every upward test by the bulls is met with limited pullback strength, and it has never formed a sustained suppression trend. The pullbacks are often quickly absorbed by buying power, which precisely indicates the current resilience of the upward trend. The pullback should be viewed as an opportunity to establish long positions.
Zhiming Suggestions
Bitcoin around 118800-118300, look for 120000-121000
Ethereum around 4220-4190, look for 4260-4300
#美SEC批准流动性质押
Currently, looking at the market from the four-hour cycle, the rhythm is very clear, and it presents an overall trend of oscillating upward. It is worth noting that the price has firmly stood above the upper Bollinger Band, and the Bollinger Band is continuously expanding upwards, which in itself releases a strong bullish momentum signal. Looking at the moving average system, the moving averages of all cycles show a tidy bullish arrangement, with the short-term moving averages steadily moving up relying on the medium- and long-term moving averages, further confirming the market's bullish dominance. From the recent trend, every upward test by the bulls is met with limited pullback strength, and it has never formed a sustained suppression trend. The pullbacks are often quickly absorbed by buying power, which precisely indicates the current resilience of the upward trend. The pullback should be viewed as an opportunity to establish long positions.
Zhiming Suggestions
Bitcoin around 118800-118300, look for 120000-121000
Ethereum around 4220-4190, look for 4260-4300
#美SEC批准流动性质押
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