August 13th Morning

Bitcoin saw steady gains yesterday, driven by news, successfully crossing the 12w mark. It is currently consolidating within a small range around this level. On the daily chart, the previous downward gap has been filled. The attached MACD formed a golden cross accompanied by a slight increase in volume, indicating short-term upward momentum. However, due to insufficient volume and relatively low trading activity in the persimmon market compared to other currencies, further breakthroughs have been unsuccessful.

On the hourly chart, Bitcoin is stable, with a slowing boll opening rhythm and a convergence of smaller moving averages. Today, focus on the stabilization of the 12w mark. If it holds, the upward range is expected to expand further.

Recommendation

Bitcoin is trading around 119,500-119,000, with a target of 121,000-122,000. A strong breakout could lead to further upward movement.

Bitcoin is trading around 4550-4590, with a target of 4700-4800. Break through to see 4900#机构疯抢以太坊 #ETH突破4400