Evening Analysis on 8.11
From the current perspective, the short-term moving averages are flattening out, oscillating around a range, and have not shown a clear trend direction. The MACD is fluctuating slightly near the zero axis, with the momentum bars contracting, indicating that both sides of the market are becoming cautious.
If the price can stabilize above 122000, there may be a continuation of the rebound; conversely, if it breaks the support level of 120000, there may be further tests of the strength of previous support levels.
Suggestions
Bitcoin: Oscillate around 120800-119800, target 121800-122500
Ethereum: Oscillate around 4200-4150, target 4250-4300
