8.14 Morning Thoughts and Suggestions

Uncle Zhang reminds everyone that Bitcoin still needs to be monitored. Recently, I've seen many friends focusing on altcoins but not paying much attention to Bitcoin. From last night until now, Bitcoin's rise is evident. Uncle Zhang also made decisive moves at several points, entering around 121500 early in the morning, first aiming for 123000. Later, noticing the strong momentum, I directly targeted around 124000 before notifying to exit, securing over 2500 points. Such significant market moves shouldn't have been missed.

On the 1-hour level for Bitcoin, the Bollinger Bands are showing a mild expansion, with the distance between the upper and middle bands gradually increasing, indicating that the bullish momentum has room to release. The current price is firmly above the middle band, with volume showing a clear characteristic of "increasing on rises and decreasing on falls." During the pullback phase, the volume has reduced by about 25% compared to the previous rise, reflecting limited selling pressure. In the short term, the price is operating steadily within the upward channel of the Bollinger Bands, with the continuous rise of the middle band providing dynamic support for the trend. If it can hold above the 124000 mark, there is hope for a new round of assaults on the upper band of the Bollinger Bands. At the same time, set a stop loss properly.

Suggestions:

Buy Bitcoin near 123000, target around 125000,

Buy altcoins near 4680, target around 4800 near $BTC #BTC再创新高 $ETH