8.14 Morning Analysis
Looking back at the night, after a brief rebound, Bitcoin's momentum quickly recovered and began a continuous rally this morning, breaking through previous resistance and reaching a new high of 124539 points, followed by a short-term consolidation phase.
From the hourly Bollinger Bands, the current three bands show a steep upward trend, with all three bands diverging upwards, indicating a significant short-term 📈 trend strength. The price is closely following the upper band and continues to exert positive traction on it, pushing the upper band to expand upwards, reflecting that the market's momentum is dominant, and the support is strong, with clear short-term bullish characteristics.
Therefore
Bitcoin can be traded around the range of 122500-123000
with a target around 124000-124700
Ethereum can be traded around the range of 4680-4630
with a target around 4800-4880
