8.12 Chen Fei Talks Coins

After the Bitcoin market reached a historical high around 122300, the price began to fluctuate downwards, currently touching around 118000, which is near the lower Bollinger Band. The overall market is forming a stabilizing bottom trend. The KDJ indicator has reached the bottom position. If this wave of fluctuations continues, there is a high probability of upward space after a pullback. Therefore, it is recommended to operate on long positions at lower points.

Bitcoin (BTC)

Direction: Long Position

Current Price: 118000～117700

Take Profit: 118900～119300

Stop Loss: 117200

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