8.24 Weekend Morning Bitcoin Strategy

The weekend sees oscillation and correction between long and short positions, with the market gathering momentum; opportunities for both Bitcoin and altcoins are limited.

4-hour chart: The upper Bollinger Band shows a small V-shaped pattern, with the MACD's zero line having a predominance of solid bullish bars (bullish dominance), and the fast and slow lines are about to golden cross, awaiting a breakout.

Hourly chart: The MACD has already golden crossed, with a clear rebound trend; it is recommended to take a bullish position in line with the trend.

Recommendation around 114700, target around 116700.