Analyst Liang Qiu: On August 17, Bitcoin Auntie rebounds again, focus on upper resistance

Bitcoin Auntie made multiple layout attempts on the Doko Silk Road yesterday, and the market fluctuated back and forth several times, overall achieving a decent range. Currently, the market has started to rebound since the afternoon, especially with a relatively large overall increase for Auntie, approaching the 4580 line, while Bitcoin has risen to the 118400 line. The rebound is not a reversal, and the upper pressure has not been broken; the rise is just giving an opportunity for Kong Dan to enter. From the daily MA moving averages and box structure, there is clear pressure at the upper levels of Bitcoin Auntie around 119000 and 4600. If the market does not break, it will face a wave of pullback and decline.

On the K-line pattern, the daily level shows a rebound trend in the short term. In the 4-hour cycle, it is currently close to the recent pressure area with a long upper shadow, indicating certain selling pressure above. In terms of technical indicators, the daily level DIF and DEA are still below the zero axis, but the green bars are shortening, and the bearish momentum is weakening. The 4-hour level DIF has broken through DEA upward, with red bars expanding, indicating short-term bullish dominance, but divergence risks should be noted.

Evening operation suggestion: Bitcoin near the current price of 118300, target around 116500; Auntie near the current price of 4570, target around 4480.

[The above analysis and strategy are for reference only. Please bear the risk yourself. The article's review and publication do not guarantee timeliness; please refer to real-time data for specifics.] #BitDigital转型