Analyst Liangqiu: On August 18, Bitcoin Auntie successfully captured the market again, along with an evening analysis of market conditions
The overall trend of Bitcoin Auntie has been weak in the past few days. We emphasized the Silk Road of the Kongsan at around 4570 yesterday, and then during today's daytime decline, we set the market at around 4250, which successfully surged to 4360. The overall space is evident, and congratulations to friends on the Silk Road. However, the market is clearly under pressure above, especially since Bitcoin broke down without a decent rebound. The trend has clearly weakened, and there is a possibility of further testing the support level around 112000 below.
After several days of bearish candles on the daily chart, there was a rebound yesterday that formed a long upper shadow, followed by another significant drop today, currently closing in the red. There is clear pressure above, showing signs of a bearish continuation, and the market still has further room to decline. Next, we should pay attention to the short-term support levels at 114000 and 4160 below. If it continues to break down, the market will return to around 112000 and 4000, but we need to take it step by step.
For evening operations, it is recommended to set the Bitcoin range around 115800 to 116300, with a target of around 114300; and for Auntie, around 4330 to 4350, with a target of around 4250.
[The above analysis and strategies are for reference only; please bear the risks yourself. The article review and publication do not have timeliness, and specifics are subject to real-time conditions] #币安HODLer空投PLUME