8.5 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 muddy challenges, yet you always say you can "make it"?

Looking at the four-hour candlestick chart, the market flows like a melodious tune, maintaining a rhythm of oscillating upwards, with the price closely adjacent to the upper Bollinger Band, like a dancer lightly tapping their toes. Although there are occasional minor adjustments, they have not shaken the overall upward momentum; the bulls' strength is like fire oiling the pan, becoming increasingly intense. Examining the hourly chart, the bears show a slight weakness during the pullback, while the bulls flow like a trickle, slowly increasing in volume. The KDJ indicator is high, nearing the overbought territory, while the MACD line is poised below the zero axis, gradually rising, with the bearish sentiment showing signs of diminishing.

BTC recommendation: 11400-114500, target 118000

ETH recommendation: 3630-3650, target 3800

You need to act in accordance with the trend, always stay rational, defend well, and never resist blindly! Wishing you all the best, seize every opportunity, and we will continue to move forward side by side! #晒出我的Alpha积分# #加密市场反弹# #加密项目计划# #BTC# #ETH#
SOL2.63%
XRP0.24%
ENA15.73%
BTC0.29%
ETH5.92%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)