8-5 BTC Morning Thoughts

Yesterday I provided a bullish idea, and I received a lot of feedback that the returns were quite good. However, it is regrettable that the market did not successfully return to the range of box fluctuations. But from the price chart, it can be seen that the current market has been moving along the upper edge of the middle track of the weekly K-line upward channel. Therefore, the bullish idea remains unchanged. It should be noted that as the middle track continues to rise, the point we need to focus on has changed from 114000 to 1143000.

BTC trading suggestion: Go long directly around 114500, the first target can be directly aimed at 115800. The second target is 116700.

Dai Bing trading suggestions: Look for long positions around 3672, first target 3735, second target 3785.