BTC Analysis: Market is Calm $BTC

BTC Analysis August 8:

Overall Direction: It is recommended to mainly take long positions at lower levels, paying attention to the pressure from the trend line and POC position (resonance here)

Yesterday, it broke through the key level of 115800 and received support on the pullback. Thus, a W-bottom expectation has formed at the bottom, with the key neckline position at 115800. If it pulls back to this level, it can be bought long.

When moving upwards, pay attention to the trend line and POC position, which is around 118000. There should be some degree of pullback here.

If it breaks through smoothly, there will be some resistance at 120000, but it won't be significant. The ultimate target is around the previous high of 123000 $BTC .