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Morning Analysis on 8.14
Currently, on the market, the second contract continues to maintain a strong upward trend. There were multiple strong surges during the day, which not only broke the expectations of many bears but also fully demonstrated the strong momentum of the bull market.
The current market shows a clear upward trend, with consecutive daily gains pushing higher, and the bullish pattern remains unchanged. On the daily chart, the upward running channel continues to rise, accompanied by weak pullbacks that further solidify the foundation for the upward movement. Bullish volume is gradually being released, driving the moving averages to form a consistent upward trend, with bulls dominating the trend. Short-term pullbacks seem more like a buildup for a surge; there is no need to overly focus on minor level corrections, as the overall strategy should be to go long.
Operation suggestions:
- Bitcoin: Buy around 122200-122700, with a target towards 124500-125200.
- Two pancakes: Long near 4670-4700, target looking towards 4780-4860 near #ETH突破$4700#