Lunch Thoughts 8.14

The market showed strong momentum in early trading, with the price soaring to a high close to 61,300. Now the price has gradually retreated to around 60,900. If the 60,000 mark is firmly supported today, it indicates that there is further upward potential in the market outlook.

Observing the four-hour K-line chart in early trading, the upper Bollinger Bands pose significant resistance to the upward price movement. At the same time, the Bollinger Bands are gradually narrowing, suggesting that the market may enter a short-term consolidation stage to adjust and accumulate strength and prepare for the next breakthrough market.

In the afternoon, we still need to pay close attention to the dynamics of the 61300-61500 pressure area above.

It is recommended to operate the large pie in the 60000-60500 area and multi-target the 61500-62000 Ether synchronization.