8.11 Qin Feng's Afternoon Thoughts

After the significant rise of Bitcoin and Ethereum, they are now experiencing high-level fluctuations, with no signs of a short-term pullback; the strong trend is evident. Short sellers need to be highly vigilant, as the so-called high point may just be the next starting point for the bulls. The current market atmosphere is strongly bullish, and operations should follow the trend. If there is a pullback in the afternoon, it will be a good opportunity to continue buying; do not operate against the trend.

Bullish on Bitcoin around 121000-122000, target near 122500 #btc