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8.14 Yanqu Qiu midday market analysis:
Looking back at the morning market, Bitcoin entered a consolidation phase after reaching an all-time high, with short-term bullish and bearish forces entering a brief balance.
The gap between the upper track and the middle track is gradually widening, and the driving rhythm of the upper track has shown signs of detachment from the middle track. This means that short-term adjustments need to be completed through fluctuations to accumulate momentum for the subsequent trend.
Therefore:
- You can go long on Bitcoin in the range of 122400-122800, aiming for the target near the range of 123800-124700.
- You can go long on the second pancake in the range of 4660-4720, targeting the area around 4820-4890 #BTC# #Circle推出稳定币区块链ARC#