Xiaoyao KOL: Bitcoin and Ethereum Afternoon Market Analysis on August 11

Last night, the strategy was to enter at high positions, with Bitcoin at around 119000 and Ethereum near 4230. The lowest point reached 118000 and around 4160, followed by a continuous rise. Currently, Bitcoin's daily chart shows two consecutive bullish candles, with the price rapidly increasing from 116470 to 122190, forming a strong breakout pattern. In the 4-hour timeframe, recent candlesticks have shown a step-like rise, with lows consistently increasing and highs continuously refreshing, indicating a typical upward trend. In the 4-hour timeframe, MACD's red bars continue to expand, with both DIF and DEA diverging upwards, indicating strong bullish momentum. The price has moved far away from EMA7, EMA30, and EMA120, and there may be a need for a pullback in the short term, but overall, it remains in a bullish alignment. The trading volume in the 4-hour timeframe is gradually increasing, especially during the period of 08:00 on August 11, which confirmed the effectiveness of the price increase. It is recommended to buy on dips during the day.

Trading advice: Buy Bitcoin around 121000 to 121500, with a target near 123000; buy Ethereum around 4250 to 4280, with a target near 4350. Market conditions are constantly changing, and the article is time-sensitive. Friends entering the market should focus on real-time guidance: #BTC重返12万 $BTC