Midnight Analysis of Bitcoin on 8.13

Bitcoin is currently oscillating around 119800, with the 24-hour high and low points at 120800 and 118050 indicating that the market is starting to hesitate, and the previous bullish momentum has clearly weakened. Since the resistance at 120800 is effective, it's time to consider the rhythm of the transition between long and short positions. Of course, if there is a sudden increase in volume that pushes past 120800, don't stubbornly hold on; instead, follow the trend and cover long positions aiming for 123000. However, at this position, it's more inclined towards shorting, as the daily chart has shown three consecutive bullish candles followed by a stagnation, and the correction that is due will not be absent.

Try a light position near 119900 🚀, targeting 118000

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