【$BTC Super Market Analysis｜August 11th 08:30 PM🚀】
1. Market Data Review
• As of 20:30 Beijing time, the latest price of BTC is approximately $119,894, up about $1,241 (+1.05%) from yesterday.
• The intraday fluctuation ranges from $118,177 to $122,242, with prices consistently staying above, close to historical highs.
• Recent three-day trend: Prices have gradually and steadily recovered, breaking through multiple technical resistances, with a noticeable strengthening of the upward oscillation rhythm.
2. Driving Forces and News Background
• ETF and Policy Propulsion: The US has allowed 401(k) retirement accounts to include crypto assets through an executive order, releasing expectations for institutional accumulation, while the dollar and interest rate situation supports risk assets, causing BTC to surge nearly 3.6%, approaching historical highs.
• Active Institutional Buying: Including corporate treasury and purchasing frenzy pushing BTC for short-term breakthroughs, stabilizing market buying structure.
3. Technical Structure Key Points
• The price has repeatedly tested the $122,000–$123,000 resistance zone. If volume increases confirming the breakthrough, it is expected to target $125,000.
• An upward trend is formed on the daily chart; if it fails to hold the $117,500 support, it will be wary of a pullback to the $114,000 range.
4. Strategy Recommendations (Not Investment Advice)
Scenario\Operation Suggestions
Breakout Upward: If the price breaks out of the $122k–$123k range with increased volume and stabilizes, it is recommended to take a small position on the long side, targeting close to $125k, with a stop loss set at $121k.
Range Consolidation: If prices pull back to $119k–$120k and stabilize, consider accumulating at lower prices, targeting a short-term revisit to $122k.
Structure Failure: If it falls below $117.5k, it is recommended to observe or defend, temporarily avoiding high-position chasing, with a focus on support levels.
5. Risk Control Key Points
• All operations must be based on "price break + volume increase confirmation" as entry and exit conditions to avoid falling into a cycle of buying and selling during consolidation.
• Appropriate partial entry and profit-taking principles, controlling single transaction risk to 1–2% of the total account position.
In Summary
BTC is at historical highs; if it breaks through $122k with volume, a new round of increases will begin; otherwise, cautious trading is needed at high levels.
