Analysis at 8:13 AM
At 5 AM today, it returned to the 118,000 position, maintaining an overall oscillation and consolidation during the early trading period, with the box range not being broken. After breaking the box at 10:30 PM, it started to rise, encountering resistance at 119,923, and is currently still in the upward process. If it can break the 120,000 mark, the upward space is expected to further open.
From the hourly chart perspective, MACD volume is increasing, forming a golden cross, with strong momentum displayed.
Suggestions
Bitcoin: It is recommended to buy around 118,800-119,400, targeting 120,500-122,000; if it breaks through, further upward movement to 125,000 is expected.
Altcoin: It is recommended to buy around 4,420-4,450, targeting 4,500-4,600; if it breaks through, look towards 4,800.
