#BTC# 8.12 evening analysis


The 1-hour K-line for BTC shows a strong breakout above the short-term moving average cluster, forming a bullish arrangement. The MACD indicator has golden-crossed above the zero line, with red bars continuously expanding. The RSI indicator has entered the overbought zone but has not shown a top divergence. The volume is moderately increasing in tandem with the price rise, indicating strong bullish momentum, and the short-term upward trend is expected to continue.
Suggestion: Look for more around 118000, observe 118600 to 119200
BTC-1.44%
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