Daily Market Analysis of the Cryptocurrency Circle (8.14)

Summary:

$BTC forming a top is a process, not a specific day. Since 11.2, I've been continuously suggesting to buy at the bottom for several days. Now the historical high has been reached, and it's very close to the target levels of 12.78 and 12.95. After this rise, there will be a significant correction, and if it falls below 11.18, a major top will be established. The ascending wedge structure that began on 7.4 will need to be terminated. The duration of the topping cycle is uncertain, but it should be completed by the end of this month or the beginning of next month. Personally, I plan to sell one after another as each altcoin rises. Bitcoin is showing a secondary sell on the 4-hour chart or a secondary sell on the daily chart. Even if I have to take losses, I will sell everything. Using the secondary sell on the 4-hour chart in conjunction with the MACD momentum bars will provide a more accurate judgment of the major top in the bull market. The upper resistance is at 12.8 and 12.95, while the lower support is at 12.3 and 12.05.