8.14 Chen Fei Talks about Coins

Bitcoin has reached a new high today, touching the position of 124,590. A thrilling moment witnessed once again, followed by a decline in the market. After touching the lower band of the Bollinger Band around 117,400, the market has begun a bullish rebound. In the last hour, there has been upward momentum with a green candle, stabilizing around 118,000 with fluctuations. The KDJ indicator is moving upwards, indicating that after the overall market pullback, there is a high probability of further increase. Therefore, it is suggested to take a small long position during the pullback tonight.

Bitcoin (BTC)

Direction: Long position

Current price: 118,000～117,700

Take profit: 118,900～119,300

Stop loss: 117,200

As an 8-year veteran trader, I am skilled in various operational techniques, accurately grasping high and low points to manage positions. I aim to steer you through trading challenges, and I welcome everyone to discuss.