8.16 Morning Trading Strategy

The Bitcoin market continues to decline, having broken below the daily support level, and the current rebound strength is weak. If the daytime rebound fails to break through and stabilize above 118500, it indicates insufficient rebound momentum, and the market is likely to continue its downward trend, leading to a correction on the daily level.

It is important to note that as long as the market has not broken through the defensive pressure level of 119200, the overall market tends to be bearish, and going long at this time requires extra caution to avoid blind entry.

Suggestion: Place short positions in the range of 118000-118500, targeting around 117000. #币安Alpha上新