Technical Analysis of Bitcoin (BTC) Contracts on August 6: Today, in terms of the larger cycle on the daily chart, yesterday closed with a small bullish candle, with the K-line pattern showing consecutive upward movements. However, the price remains in a high-level consolidation and has not shown a trend of breaking upwards. The indicators are running with a death cross, so based on the current movement, the price trend is still within a range, making it difficult to sustain upward or downward movements, hence trading should be approached within this range. In the short cycle hourly chart, yesterday saw an intraday rise, with the European session facing downward pressure, and the American session mainly correcting in the early morning. This morning, the price supported a rebound, and the current K-line pattern continues to show bullish candles, with indicators running with a golden cross. Therefore, an intraday rise is highly probable, but the larger trend is trapped in a consolidation range, so one should not look for a one-sided trend. Thus, today's short-term trading strategy for BTC contracts is: buy on a pullback to the 113700 area, with a stop loss at the 113200 area and a target at the 115000 area; sell at the 115200 area, with a stop loss at the 115700 area and a target at the 114000 area, still focusing on short-term range trading; #BTC走势分析 $BTC
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