$BTC 8.4-8.8 Weekly Summary and Suggestions for Early Morning of August 11

Reviewing last week's market conditions was also a roller coaster. Whether it was the fluctuations of Bitcoin or the fluctuations of Ethereum, there were good opportunities to seize. However, overall, it still showed a clear upward trend. Over the course of five days, Bitcoin gained a total of 11,637 points, while Ethereum gained 975 points. Of course, this is just part of it; smaller gains are not counted. There were also significant fluctuations over the weekend. Hesitation leads to defeat, and Uncle Zhang made a decisive move, with Bitcoin gaining another 3,727 points and Ethereum gaining 474 points! For the resourceful warriors, making profits is just a small matter.

The ups and downs of volatility resemble the sunshine and rain of life. You once stared at the price chart in the middle of the night until your eyes felt dry, and you also felt your heart skip a beat when the market turned. Those moments of anxiety when holding positions and the sense of loss after liquidating are all traces of serious participation. Market conditions are inherently unpredictable, and your willingness to face failure has already surpassed countless wanderers. Losses are like exam questions, and profits are the sweet fruits of hard work. Even if temporarily smoothed by volatility, please remember: every time you hold on or let go, you are learning to reconcile with “uncertainty.” Just like the tides that never cease, the coast is always there. Your faith in trends and insistence on strategies will eventually, at some moment, become the confidence to navigate through volatility.

In the 4-hour level of Bitcoin, the middle band of the Bollinger Bands maintains an upward slope, forming the core support of the upward trend. The previous strong bullish candlestick has confirmed the attacking momentum. Currently, the pullback is accompanied by a contraction in candlesticks and a simultaneous shrinkage in suburban volume, which reveals limited selling pressure. The lower band shows signs of flattening, but in the short term, it remains strong support, forming an upward channel with the middle band without showing signs of divergence or weakness. Although there is a pullback due to resistance from the upper band in the short term, the resilience of the middle band support and the upward inertia of the channel, combined with the earlier breakthrough and accumulation of bullish attack memory, still maintain a “pullback is not a reversal” bullish bias. If the price can stabilize near the upper band of the Bollinger Bands, it is expected that Bitcoin will regain its upward momentum, continuously launching an attack towards the upper band of the Bollinger Bands and extending the 4-hour bullish trend. However, at any time, it is essential to set stop-loss orders.

Suggestions:

Bitcoin: Bullish around 118,000, target around 119,500,

Ethereum: Bullish around 4,200, target around 4,300 #BTC走势分析 $ETH