August 11 Sharing

Bitcoin continued to oscillate within the range as usual over the weekend for the last two days, maintaining a range between 116300-118700. The support below the Silk Road was still a little lacking, but the upper resistance at 118700 saw a perfect short opportunity, with a total space of 1400 points, making it a delightful eat! Over the weekend, Ethereum at around 4122 and 4300 also provided a delightful short opportunity, totaling over 200 points profit. #币圈

Every time it’s the last night of the weekend, Bitcoin always starts a new pattern change, either going up or down. This time, it directly and strongly broke through the upper resistance of 118700, eventually returning above 120,000 this morning. It can be seen that the bull is still present; it just lowers its head to graze and gather strength in between. So today has started to trend upward with increasing volume, and we will continue to be bullish. If there is a pullback, we will continue to hold below, and the daily gold cross has formed, with further upward movement expected to break new highs. During the day, we can pay attention to the upper resistance at 123000. If there is resistance in the upward movement, consider a nearby short! Future operations should continue to be strictly protected, and we will keep an eye on the news dynamics. #区块链

Operation Suggestions:

For today, the short-term support for Bitcoin is seen at 119500-120000, and the short-term resistance above is viewed at 123000-125000, where a nearby small short may be considered. [Market changes quickly, remember to keep good protection (the protection range can be set at 500-1000 points)]

(Personal experience sharing, for reference only❀)