Monday, August 11, 2025

Recently, the trend of Bitcoin has been strong, with bullish forces making a concerted effort to successfully break the previous stagnation and strongly challenge the 120,000 mark. From an overall trend analysis, Bitcoin is currently in a good state of bullish arrangement, clearly indicating that bullish forces are dominant in the market, and the market's optimistic sentiment is continuously heating up.

However, in the current seemingly smooth situation for the bulls, we must not let our guard down and should pay attention to some potential risk signals. On the hourly chart, we can observe multiple upper shadows appearing, and its momentum shows a weakening trend, which is highly likely to indicate that the bulls are encountering a certain level of resistance when attacking upwards at high levels. Meanwhile, on the daily chart, a high-level divergence phenomenon has emerged, and historical experience indicates that this is often an important warning signal for a potential market reversal. Once the market reverses, it may bring significant losses to the bulls.

Based on the above analysis, attention should be focused on the 120,000 integer level during the day. If it breaks effectively, it will stretch upwards again, and we can continue to look for bullish continuation! #BTC重返12万