#BTC走势分析

August 7th, Thursday  Beginning of Autumn

Viewpoint: Patiently waiting for the opportunity to enter

Bitcoin and Ethereum have not yet broken through the daily level life line resistance, currently in a fluctuation;

It is still not 100% confirmed whether the low points of BTC and ETH on the 3rd are the lowest points of this pullback; however, this will not affect the bullish trend of the weekly and monthly charts; therefore, there will be no short positions, only following the trend and waiting for suitable signals to go long!

At the end of June, according to my viewpoint, those who entered the market with spot and altcoins are not advised to trade back and forth, maintain their position; frequent trading may lead to being shaken out of the market, losing the chips in hand;

From April until now, there have been two very good trend entry opportunities, one starting on April 7th and another at the end of June;

The next one will be the third time and may be the last opportunity within the year, including another chance to enter spot and altcoins;

Seize this opportunity, the risk-reward ratio will be very considerable. Over a month ago, I mentioned that from July to October, if you seize it, you might turn things around; this viewpoint still holds true.