8.11 Initial Thoughts Analysis
Since the morning, the momentum of Bitcoin has risen sharply, reaching a high of 122200. The new high for Bitcoin is just a step away, but the situation has changed dramatically. The overall trend is still dominated by bulls, and subsequent operations are suggested to focus on a buying strategy on dips.
As long as there are no major negative news impacts, it is expected to continue the upward trend. It is recommended to seize the opportunity to buy on dips at support levels.
Bitcoin: Buy around 120000-121000, target 122500-123500
Ethereum: Buy around 4260-4300, target 4350-4400
