8.11 Bitcoin (BTC ) market analysis reference

Bitcoin has shown strong upward momentum in the past two days. After firmly standing above the 120,000 points, it broke through multiple resistance levels, and the price further tested upwards, approaching the year's high. The upward trend continued in the early hours of the day, and after breaking the key level of 120,000, the price surged directly to around 112,400, resulting in a rapid rise of over a thousand points in a short time. Subsequently, the price continued to rise, but after reaching the high point of 112,400, it began to pull back, and the current price is around 112,000.

Looking at the daily chart, the K-line has been continuously bullish, with higher highs being refreshed constantly. The intraday price has increased by over 3000 points, breaking the recent wide-ranging fluctuation. Currently, the price has completely left the Bollinger Band range and is operating in the upper area, with bullish sentiment continuously rising, indicating a possibility of further upward movement in the short term. The author, Mr. Coin, suggests that everyone operate in accordance with the trend, managing stop-loss and take-profit effectively in such a large market movement. If Bitcoin continues to rise, the future price is expected to refresh historical highs once again, continuing the trend of unilateral upward movement, with further upward potential in the intraday market. It is recommended to primarily focus on buying on dips, and to try shorting lightly after reaching new highs.

8.11 Bitcoin short-term reference:

Short the position at 123300-124300, defend at 125500, stop loss: 500 target below 121500.

Long at the test warehouse point 120000-121000, stop loss 500, protect 119000 supplement, target above 122000.

There is a delay in sending the article. The strategy suggestions are for reference only. Market conditions change rapidly, and no matter how confident one is in market judgment, it is essential to have stop-loss and take-profit measures in place to secure profits. #以太坊交易量飙升 #比特币市场分析 #GT 2025第二季度销毁 #BTC #ETH