8.15 Friday Morning Bitcoin Strategy

The current market shows a slight rebound, but the strength of the rebound is weak and lacks sustainability. Overall, it is still in a downward trend, with the current price consolidating around 118,500 points.

In the future market, attention should be focused on the resistance range of 119,000 - 120,000 points. This range is both the lower edge of the previous oscillation and the key dividing line for the bulls and bears. Specifically:

- If the rebound fails to break through this range, the market is likely to continue a weak oscillation pattern;

- Only if the price effectively stabilizes above 120,000 points can it break the current weakness and boost bullish sentiment.

Operation suggestion: In the morning, near 119,000 points, you can lay out short positions, targeting the 117,000 - 116,500 point area. #BTC再创新高