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Morning Thoughts on 8.11
The Bitcoin 4-hour level remains strong, with the price running along the upper Bollinger Band, and the widening opening indicates an increase in upward momentum. The MACD golden cross and sustained bullish volume suggest a short-term bullish trend. The key support level is 117,500; if it holds, the bullish trend continues, targeting 122,000-123,500. However, if it falls below 116,800, caution is needed for a potential trend reversal. In terms of operation, it is still recommended to maintain a low buy position on pullbacks.
Big coin operation idea: pull back near 117500-118350, looking up around 121500.
Auntie's operational idea: Pull back to around 4100-4450, looking up at around 4335.