August 7th, BTC analysis in the early morning


The price of BTC has been rising continuously in the evening, with the hourly candlestick chart showing a clear upward trend. Recently, there have been slight signs of a slowdown at the top on the hourly level.
The MACD red bars continue to expand, with the two lines diverging indicating strong buying pressure.

EMA7 crosses above EMA30 and moves away, while EMA120 forms a golden cross. The short-term moving averages are gradually widening upward, supporting the bullish trend.

BTC suggestion: Buy at 114500-115000, target 116500-116000

Personal suggestions are for reference only!
BTC0.53%
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