August 11 Market Analysis:
The current market trend presents a clear upward structure, almost completely recovering the previous retraction losses. Although Bitcoin's trend appears slightly inferior compared to the recently strong performance of Ethereum, the existing market patterns and trends indicate that there is still potential for further increases in the future.
From the 4-hour chart, the market is gradually oscillating upwards around the middle and upper bands. The price is now once again operating above the upper band, and various technical indicators generally show a steady upward trend. Bullish momentum continues to accumulate, and the market's one-sided upward trend is quite evident, so low-position long orders can be considered.
