8.13 Morning Thought Share:
Yesterday, due to news stimulation, Bitcoin steadily stood above the 120,000 mark, and the current price is oscillating narrowly around this level. The daily level has filled the gap from the previous day's decline, the MACD has formed a golden cross with a slight increase in volume, showing a short-term upward inclination; however, due to insufficient follow-through momentum and trading enthusiasm being weaker than other cryptocurrencies, there has not yet been a further breakthrough.
At the hourly level, the price operates smoothly, the Bollinger Bands are narrowing, and the short-term moving averages show signs of convergence, indicating that the short-term bullish and bearish struggle is becoming milder. It is important to pay close attention to the stability at the 120,000 mark during the daytime; if it can hold this position, the upward momentum is expected to continue.
BTC Operation Suggestion:
It is recommended to consider placing orders in the range of 119100-119500, with the initial target set at 121000-122000; if there is a strong breakout, look for higher levels; defend around 118800.
