Recently, the Bitcoin market has shown a lively scene. In the latest trend, the Bitcoin price continues to pump, with a clear rise on the hourly chart. However, careful observation reveals subtle signs of slowing down as it approaches the top position. This is not a warning of a pullback, but rather more like a prelude to a buildup.



From a technical indicator perspective, the red bars on the MACD chart continue to grow, and the dual lines are diverging, indicating that buying pressure remains strong. The EMA7 not only firmly stands above the EMA30 but is also gradually widening the gap. In addition, with the support of the EMA120 golden cross, the short-term moving averages show a bullish arrangement and are expanding, with the overall trend still leaning towards strength.

For investors, the current market rhythm may provide an opportunity for positioning. The range of 114500 to 115000 could be a noteworthy area for long positions, with target prices aimed at 116000 to 116500. Operating in line with the current trend is expected to yield more stable returns.

However, it is important to remind that the cryptocurrency market is constantly changing, with high risks and high returns coexisting. Investors should carefully consider and manage risks, set reasonable stop-loss positions to ensure the safety of their funds when making any operations.

Under the current market conditions, the trend of Bitcoin has undoubtedly become the focus of many investors. However, the development of the entire cryptocurrency ecosystem is also worth our continued attention. For example, the performance of other mainstream coins such as Ethereum, as well as changes in regulatory policies, may all have a significant impact on the market.

Overall, although Bitcoin is showing a rise in the short term, investors still need to stay clear-headed, closely monitor market trends, and participate in investments rationally. In this market full of opportunities and challenges, only by remaining cautious and continuously learning can one seize opportunities amid fluctuations and achieve long-term stable investment returns.
BTC0.23%
ETH5.66%
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WhaleSurfervip
· 3h ago
The market is quite good. When will you grant me a large order?
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RugpullAlertOfficervip
· 08-08 10:45
Just say one, run? Not run?
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ParallelChainMaxivip
· 08-07 19:07
Has it fallen to the bottom again?
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GateUser-cc8c503evip
· 08-06 23:41
11111111111111111111111111
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OnchainArchaeologistvip
· 08-06 19:48
Bull run means to take action.
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ruggedNotShruggedvip
· 08-06 19:47
buy the dip trapped badly
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MEVHunterLuckyvip
· 08-06 19:45
The trend is in green, who still studies the lines!
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CryptoTherapistvip
· 08-06 19:38
sensing high copium levels in the market rn... breathe fam, just breathe
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pumpamentalistvip
· 08-06 19:30
All in and that's it.
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