8.13 Evening Bitcoin Auntie Market Analysis
Looking back from the morning to the afternoon, Bitcoin touched a high of 120,265 in the early hours before pulling back, stopping the decline at a low of 118,829, and then entering a rebound recovery phase, currently reaching a maximum of 120,656. Ethereum continued its upward trend, rising from a morning low of 4,563 to a high of 4,716 in the afternoon before temporarily pausing.
From the current market perspective, the daily MACD red bars continue to expand, with DIFF and DEA maintaining a golden cross upward, indicating bullish momentum is still being released, but there are slight bearish divergence signals on the hourly chart, which requires caution for minor pullback pressure after a short-term rise.
Bitcoin can be traded around: 119,000-119,700, target 121,600-122,350.
Ethereum can be traded around: 4,620-4,670, target 4,730-4,800. Breakout target looks at 5,000.
