Morning Analysis on 8.26



The current price of BTC is on the rise. In the 1-hour candlestick chart, the price is steadily climbing along the short-term moving average, with the moving average system closely arranged in a bullish pattern. The MACD indicator has formed a golden cross above the zero line for the second time, with the red bars continuously expanding, indicating strong bullish momentum. Additionally, the trading volume is gradually increasing alongside the price rise, providing sufficient upward momentum for BTC in the short term, and the trend is expected to continue.
Suggestion for Bitcoin: Buy near 109400, watch 111000~111600
Ethereum suggestion: Long near 4360, look for 4400~4440
BTC0.94%
ETH-2.23%
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