8.18 Yixing BTC Strategy at Noon
As expected, a pullback occurred on Monday. Although there was a four-hour rebound yesterday, the strength was weak, and it failed to stabilize above the daily line resistance of 1185. This morning, the weekly chart shows a downward trend, and the market further declines, breaking below the daily mid-line support.
Currently, the trend is clearly in a downward direction, with a significant drop below the four-hour lower track, and trading volume is relatively low. The market is likely to continue to decline, focusing on short positions during rebounds.
Trading Strategy: Short in the 1156-1162 area, target 1142-1126-1118 $BTC
