8.11 Bitcoin (BTC) Market Analysis Reference

Bitcoin has shown strong upward momentum in recent days, stabilizing above the 120,000 point level, breaking through multiple resistance positions, and further testing higher prices, nearing the yearly high point. The early morning trend continued, and after breaking the key 12,000 position, the price surged directly to around 112,400, experiencing a spike of over a thousand points in a short period, followed by a continued rise. After reaching the high point of 112,400, the price began to pull back, currently running around the 112,000 position.

From the daily chart, the K-line has been consistently bullish, with new highs being set continuously. The price has increased by over 3,000 points during the day, breaking the recent wide-range fluctuation pattern. The price has completely left the Bollinger Band range, operating in the upper area, with bullish sentiment continually rising, and there is a possibility of further upward movement in the short term. The author, Mr. Coin, suggests that everyone operate in the direction of the trend, ensuring good stop-loss and take-profit measures, and effectively managing risks. If Bitcoin continues to rise, the price is expected to set a new historical high again, maintaining a one-sided upward trend, with further upward potential during the day. It is recommended to focus on buying on dips and lightly shorting after new highs.

8.11 Bitcoin Short-term Reference:

Lower short entry point 123,300-124,300, stop-loss at 125,500, target below 121,500,

Upper long entry point 120,000-121,000, stop-loss at 500, defend at 119,000, target above 122,000,

The article is sent with a delay, and the strategic suggestions are for reference only. The market is changing rapidly; regardless of how high the judgment on the market is, take-profit and stop-loss must be well managed, securing profits safely #加密总市值创历史新高 #BTC重返12万 #ETH突破4300 #以太坊生态回暖 #BTC