8.11 Afternoon Analysis
The large pancake quickly rose to the 122000 level, currently oscillating in a narrow range around 121500.
From the technical perspective of the 1-hour and 4-hour cycles, the MACD shows a continuing expansion in volume, and the Bollinger Bands are in an expanding state, indicating that upward momentum has not decreased. The upward range still has the potential for expansion. The trajectory remains above the middle band of the Bollinger Bands; although it faces strong resistance in the short term, the timeframe for a breakout above this resistance level is expected to be clear.
Suggestion
Large pancake: oscillate around 121300-120500, target 122500-123300. If it breaks, look for 125000.
Second pancake: oscillate around 4290-4260, target 4360-4400, if it breaks, look for 4500. #BTC重返12万 #加密总市值创历史新高
