8.19 Morning Bitcoin Analysis
Good morning, today's big pie continues its strong trend. From a technical perspective, the MACD indicator is currently operating above the zero line and is continuing to rise, with the histogram also expanding, indicating that bullish momentum is continuously strengthening, and the market overall remains in an upward trend. Meanwhile, although the KDJ indicator has entered the overbought zone, in a strong market, this overbought state can often be maintained for a period of time, and there is still momentum for prices to continue pushing to higher levels in the short term. However, it is important to note that after overbought conditions, there may be periodic corrections at any time, so caution should be maintained during operations.
Combining the current trend, the short-term outlook remains bullish. It is recommended to look for opportunities to place long orders in the range of 115200 to 114600, with the initial target set at around 118500. During the operation, it is important to pay attention to risk control; although the market is strong, there are still fluctuations, so always set stop-loss orders to avoid unnecessary losses from sudden pullbacks.
Overall, the big pie continues to maintain a strong structure, so follow the trend without going against it. Being able to seize opportunities is important, but ensuring position safety is even more crucial, as this will allow you to go further.
