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Morning outlook on August 11
A new week has begun, and the market trends are showing a positive outlook as expected:
The price of Bitcoin steadily rose to around 119,500, showing impressive performance; Ethereum, after hitting a low near 4,165, quickly rebounded, reaching a high of 4,250, and is currently oscillating at a high position with bullish momentum still strong.
In light of the current situation, morning operations can consider positioning long positions at low levels, with specific references as follows:
Bitcoin: It is recommended to attempt a long position in the range of 118000-118500, with a target towards 121000;
Ethereum: It is recommended to try going long in the range of 4180-4200, with a target set at 4350.