8.2 Morning Bitcoin Auntie Market Analysis
Bitcoin has fallen for two consecutive days, having dropped to a low of 112660. Currently, the 4-hour price shows a downward trend, having broken below the lower Bollinger Band to operate at a low of 1133258. Short-term bearish forces dominate, and the trend is bearish. After the KDJ formed a death cross, it extended outward, with the J value in the low oversold zone. The MACD is below the zero axis, indicating bearish expansion, and the downtrend has not shown significant improvement. In the short term, although there is an expectation for a rebound due to KDJ being oversold, both the Bollinger Band and MACD show that bears are in control. If the price cannot quickly recover the middle band, it is likely to continue the downward trend. Pay attention to the support at the previous low of 112000 and the pressure at the middle band. The strategy should focus on bearish positions, with short positions considered during rebounds.
Bitcoin can be traded around: 113900-114500, target: 112500-112000
Auntie can be traded around: 3520-3560, target: around 3425-3385 $BTC #美国加征关税