Thursday Morning Trading Strategy (8-14):

From the current market perspective, the weekly chart shows a strong bullish candlestick closing high, with a solid bullish candle and a strong high-level increase in volume, forming a series of bullish candles. The upper Bollinger Band is expanding upwards, continuously refreshing new highs. The short-term pullback is relatively limited, with quick rebounds and recoveries. The daily chart is pushing higher step by step, and this momentum will likely continue into the beginning of the week. After an increase in volume during the rise, the price will transition to a slow rise to squeeze shorts before gradually rising again. The last pullback near the low of 118,000 will turn into a short-term support level, which is also the support level at the beginning of this week.

On the four-hour chart, there is a renewed push for higher prices starting from around 118,000, quickly recovering most of the previous losses. Therefore, in terms of operations, the rhythm of the upward movement after the increase in volume will shift quickly, with a larger volatility base. The main strategy remains to buy after pullbacks.

Bitcoin: Buy in the range of 123,800-123,500, target around 125,000

Ethereum: Buy in the range of 4,740-4,720, target around 4,800