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Morning analysis on 8.11
The Bitcoin broke through 119491 in the morning, with a strong daily trend, making it difficult for bears to compete. From the indicators, the daily MACD has formed a golden cross, and although the red bars have shrunk, bullish momentum remains sufficient; the four-hour chart shows a long lower shadow bullish candle, with green bars extending, indicating that both short-term and long-term bulls are dominant. Overall, the bullish outlook remains unchanged, and it is necessary to set up defense during operations.
Operational Recommendations
Bitcoin: Buy around 118400, target 120000
Ethereum: Buy around 4260, target 4360 #九月降息预期#