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#BTC 8.11 midday analysis
The early pancake quickly rose ↑ to the 122,000 level, currently oscillating narrowly around 121,500.
From the technical analysis of the 1-hour and 4-hour timeframes, the MACD shows a continuous increase in volume, and the Bollinger Bands are expanding, indicating that the upward momentum has not diminished. There is still potential for further upward movement. Additionally, the price trajectory remains above the middle band of the Bollinger Bands; although there is a strong resistance in the short term, the expected timeframe for breaking through this resistance level is clear.
Suggestion
Bitcoin: Fluctuating around 121300-120500, target 122500-123300. If it breaks, look at 125000.
Erbing: Near 4290-4260, target 4360-4400, if broken look at 4500. #BTC重返12万