8.13 Bitcoin Auntie Trend Analysis
Yesterday, during the day, I suggested buying at 118200, which reached 120200, a movement of 2200 points. Auntie provided a buy at 4200, which surged directly to 4670, a movement of 470 points!
The daily K-line reached a high of 120200 and a low of 118200, showing a bullish trend. The MACD has ended its contraction and started to expand upwards. Currently, the daily resistance level to watch is the upper Bollinger Band at 120900. The four-hour K-line has formed an upward channel, and the technical indicators show a top divergence. After the main force stretches to 122300, selling pressure begins. After a valid pullback to the support at 118000, the middle Bollinger Band support to watch is 118900, while the upper band resistance to monitor is 121750. Overall, the trend maintains a high-level consolidation market, with a focus on low buying.
Auntie has multiple favorable factors overlapping: new issuance of coins + ample short fuel + strong buying pressure. Thus, I do not recommend going short; there is no reason to short. If one really wants to short, it can only be pursued when it shows signs of stagnation around 4800. When the big bullish candle breaks through 4660 with volume, one can chase the rise; otherwise, I do not recommend it.
Trading Suggestions
Buy Bitcoin around 119000-118000, targeting upwards to 121000-122000, and continue looking upward after breaking through.
Buy Auntie around 4450-4500, targeting upwards to 4700-4800, and look upwards to 5000$BTC $ETH after breaking through.
Yesterday, during the day, I suggested buying at 118200, which reached 120200, a movement of 2200 points. Auntie provided a buy at 4200, which surged directly to 4670, a movement of 470 points!
The daily K-line reached a high of 120200 and a low of 118200, showing a bullish trend. The MACD has ended its contraction and started to expand upwards. Currently, the daily resistance level to watch is the upper Bollinger Band at 120900. The four-hour K-line has formed an upward channel, and the technical indicators show a top divergence. After the main force stretches to 122300, selling pressure begins. After a valid pullback to the support at 118000, the middle Bollinger Band support to watch is 118900, while the upper band resistance to monitor is 121750. Overall, the trend maintains a high-level consolidation market, with a focus on low buying.
Auntie has multiple favorable factors overlapping: new issuance of coins + ample short fuel + strong buying pressure. Thus, I do not recommend going short; there is no reason to short. If one really wants to short, it can only be pursued when it shows signs of stagnation around 4800. When the big bullish candle breaks through 4660 with volume, one can chase the rise; otherwise, I do not recommend it.
Trading Suggestions
Buy Bitcoin around 119000-118000, targeting upwards to 121000-122000, and continue looking upward after breaking through.
Buy Auntie around 4450-4500, targeting upwards to 4700-4800, and look upwards to 5000$BTC $ETH after breaking through.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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