BTC on 8.11


BTC successfully broke through to 119490 in the morning, with the daily trend continuing a strong momentum, and the strength of the bears has clearly weakened. From the MACD indicator, it shows a golden cross pattern on the water; although the red bars have slightly shortened, the bullish momentum remains sufficient. Looking at the four-hour chart, the bullish candlestick has a long lower shadow, and the green bars have lengthened, indicating that in both the short-term and long-term dimensions, the bulls still dominate.
Therefore, the bullish outlook from the morning remains unchanged. When operating, it is necessary to strictly set stop losses and rely on low-level positions to place orders.
Operation Guide:
BTC is fluctuating between 119000-118500, with a target of 120000.
BTC-3.33%
View Original
post-image
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)