8.18 Pipe Extension Early Morning Thoughts:



The daily price level quickly rebounded from 4392 to 4552, with a large bullish candle indicating strong bullish momentum. The hourly candlestick chart shows slight fluctuations, with both high and low points moving upwards, presenting a short-term uptrend. The MACD on the hourly chart is in the red zone and the DIF has crossed above the DEA, enhancing bullish momentum; however, the shortening of the red bars may indicate a potential pullback. The RSI on the hourly chart is at 63, close to overbought; overall, it still leans towards bullish, with the EMA on the hourly chart in a bullish arrangement.

Bitcoin: 117000-117500, target 119000
Ethereum: around 4480, target 4650
BTC-2.39%
ETH-4.8%
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GateUser-1f7ee7c1vip
· 2h ago
Looks like your shorts are all gone.
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