The latest market analysis shows that the price of Bitcoin (BTC) is exhibiting a strong upward momentum. From the 1-hour Candlestick Chart, BTC has successfully broken through multiple short-term moving average resistances, presenting a typical long positions arrangement, and the moving averages are showing a diverging trend, indicating that the upward momentum is strengthening.



In terms of technical indicators, the MACD has formed a golden cross again above the zero line, with the red bars continuously expanding, further confirming the strengthening of long positions. At the same time, the trading volume has also seen a significant increase, indicating that a large amount of capital is actively entering the market, providing ample momentum for the short-term rise of BTC.

Based on the current market situation, investors may consider looking for long positions around 115000, with a target price set in the range of 115600 to 116200. For Ethereum (ETH), attention can be given to long entry opportunities near 4700, with a target price between 4740 and 4780.

It is worth noting that as market sentiment heats up, ETH is expected to reach a new historical high. However, investors still need to operate cautiously, closely monitor market changes, and adjust strategies in a timely manner to cope with potential fluctuations.
BTC-1.38%
ETH-4.07%
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ImpermanentLossEnjoyervip
· 08-23 13:50
bull run is vibrant and lively.
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SmartContractRebelvip
· 08-23 13:28
The bull run has just begun, just do it.
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