8.11 Morning Bitcoin Strategy Analysis

There are no trees that grow overnight, nor are there paths to the sky that can be taken in a single step. Life is full of mud, and you always say you can "make it"?

On the 4-hour level, the market is oscillating upward and has broken through the upper Bollinger Band. The Bollinger Bands are opening upwards, and the moving average system shows a bullish arrangement, indicating that the bullish forces are dominant. However, the K/J values in the KDJ indicator have entered the overbought zone, suggesting that there may be a risk of a pullback in the short term. Observing the recent trend, although there have been slight pullbacks after each upward move by the bulls, the pullback magnitude is limited and not persistent.

From the technical analysis on the 1-hour level, the Bitcoin Bollinger Bands show positive signals, with the price recently breaking through the upper band, indicating strong bullish momentum in the short term. The middle band maintains an upward trend, providing effective support for the price, while there is enough space between the lower band and the current price, indicating solid support below. The candlestick chart has continuously closed in the green and has broken through the previous high, and although the volume has not significantly increased, the characteristics of the bullish trend are evident, with an overall technical bias towards bulls, suggesting the possibility of further upward movement in the short term. Set a stop-loss to prevent price pullbacks.

BTC recommendation: 118500-118000 range, target 120000

ETH recommendation: 4180-4200, target 4350

We must go with the trend, always maintain rationality, defend well, and never blindly resist! Wishing everything goes smoothly, seize every wave of market sentiment, and we will keep moving forward together!