Family, Brother Yang is here again to chat with everyone about Bitcoin (BTC)! Today is August 13th, based on the latest market data and technical indicators, let's analyze the trend of Bitcoin together.
From a technical perspective, the 4-hour MACD has formed a death cross, while the hourly MACD has formed a golden cross. It's like a tug-of-war match, both bulls and bears are exerting their strength, showing a clear short-term divergence. Looking at market sentiment, the greed index is at 62, indicating that everyone is quite optimistic, but it hasn't reached a crazy level, and people are still relatively rational. However, the risks cannot be ignored, with the total liquidation amount across the network reaching $316 million; this leverage ratio is a bit high, so everyone should be cautious!
Overall, Bitcoin is likely to oscillate within the range of $118,000 - $122,000. To break through this range, either trading volume needs to significantly increase, injecting a dose of 'boost' into the market; or we need favorable policy news to act as a tailwind for the breakthrough.
Brother Yang gives everyone some operational advice: near the upper range of $120,600 - $119,850, you can try to short, with a target looking first towards $119,250, then $118,500, and it might even reach around $117,800. But the market is volatile, so everyone must set stop losses and control risks while trading! #BitcoinTrend #BitcoinTradingAdvice#BTC走势分析