Analysis $BTC on August 9:

- D1 Frame: BTC had a slight drop yesterday from 117xxx to 1158xx. I also aimed to catch the perfect entry for you all with a short position (actually, I prefer Long more but after waiting all day with no upward signal, I called for a short position of 1000 points).

Today's D candle is still hovering around the 116xxx area, which is a quite sensitive intersection.

Support: 116000

Resistance: 118000

- D4 Frame: The new D4 candle opened today is in a downtrend due to being pulled down continuously for 3-4 previous D4 candles. Therefore, the D4 chart looks quite bad. BTC needs to rise and close this D4 candle above the 118xxx area to escape the downtrend. Otherwise, the 110xxx area will be the next target.

- W Frame: Still looking good. Strong upward wave. If it continues to close above the 116xxx area, it’s likely next week will continue to be a green week.

=> Analysis:

- Today is the weekend, BTC is again in a sensitive intersection area, making it very difficult to determine BTC's trend.

This morning, I called for another short position but had to cut it early by 400 points due to quite noisy signals.

- Let’s wait for more new information together. Personally, I think in the next 3 days, BTC will rise back to the 118-120 area.

- The detailed plan will be updated by me later. Wish you all good luck!