8.10 Bitcoin (BTC) Market Analysis Reference

Bitcoin rebounded in the afternoon after a pullback, and the price is now nearing the upper resistance zone. The current trend is close to the 116600 line, and the 8.8-8.9 level has repeatedly tested the upper 117600 without breaking through again. Going forward, focus on the breakout status of this area. If it can break, there is a possibility for the price to advance further towards the 118000 resistance area. I hope all coin friends are prepared. Conversely, if it cannot break through for a long time, there is a risk of a pullback in the short term, so I do not recommend blindly chasing longs before a breakout. Currently, the overall trend remains a wide fluctuation, with attention on the upper level at the 118000 line and support at the lower level around 115500. Before the trend breaks, do not chase highs or cut losses, so our strategy is to focus on shorting high and longing low.

8.10 Short-term Bitcoin Reference:

Short sell entry point 117300-118300, stop loss at 119500, take profit: 500 target below 116500,

Long entry point 114500-115500, stop loss 500, defend 11250, target above 116500,

The article has a delay in sending, and the strategy suggestions are for reference only. The market changes rapidly, no matter how confident you are in your market judgment, be sure to manage take profit and stop loss well, securing profits #BTC #ETH #特朗普加密新政 #比特币流动性危机