Crypto Circle Morning Light 08.08: After Wu Song defeated the tiger, where did Wu Song go?

Viewpoint: After we published a morning report yesterday titled "The Bulls Stage Wu Song Fighting the Tiger," the Bitcoin trend followed the script as if directed, first dipping to the support area around 114400, then the bulls made a strong move to drive away the "blocking tiger" at 115700, reaching a height near 116500 for a pause, with the handling of the day's high and low points being remarkably smooth! Now let's talk about the market evolution predictions that fans are concerned about for today and the weekend. Did everyone notice that early this morning the bears once attempted to pull Bitcoin back to the "blocking tiger" at 115700, but the bulls, like Wu Song, quickly kicked away the "blocking tiger," allowing Bitcoin to soar again. This trend proves that the bulls currently have a clear advantage, indicating potential to challenge larger resistances at 118000 and 119000 in the future.

Operation Strategy: Currently, the bulls have the advantage, and everyone should adhere to the strategy of buying on dips, focusing on the low points near 116800 and 116500, and seeking high sell points in the resistance area of 118000～119000.

Risk Reminder: Continue to pay attention to the dynamics of the US stock market on August 8 and the uncertainties regarding US-Russia military movements. If the price effectively falls below 115700 points, the bulls should consider taking profits and cutting losses.