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Event ends: August 9, 16:00 UTC
More details: https://www
The price of Bitcoin surged strongly today, reaching a daily high of 118888, refreshing its historical record once again. The price of Ethereum also linked and climbed to a high of 3040. From a technical perspective, the current market shows a strong bullish trend. The market data is clearly visible, with long positions dominating the market with absolute advantage, and the daily chart displaying four consecutive bullish candles, with trading volume increasing to provide support, showing a very distinct bullish trend. The Bollinger Bands on the four-hour chart continue to expand, with the upper band steep and the lower band rising, widening the opening, and bullish momentum accelerating. The price holds above the upper band, indicating a signal of "extreme market continuation", with no overbought pressure, and the dominance remains solid. The market continues to break resistance, with new highs accompanied by trading volume pulses, breaking through without stagnation. There is no resistance above, with positions "light above and heavy below", selling pressure is sparse, and the technical aspect presents an "unobstructed channel", with the potential to smoothly reach the 120000 mark, while Ethereum is likely to challenge the 3150-3220 range!