8.20BTC Analysis

Last night accurately tested the recent support of the daily line at (112500), but one failure does not mean much, after all, many who were bullish earlier have already taken profits, as my followers know. Now it's a bit difficult to let everyone bottom fish again, but I will carry my faith to the end!

The weekly chart shows a double top test; veteran players are fleeing, but new forces are quietly positioning themselves; although the daily Bollinger Bands have broken below the middle line, the lower support is still effective; on the 4-hour chart, multiple doors have been drawn, with a MACD golden cross under water, and a simultaneous KDJ golden cross. So I will play along; if you don’t enter the tiger's den, how can you get the tiger cubs?

For aggressive traders, long positions at 113500, 112500 with light loading; for conservative traders, look to enter at 114400 on the right side, aiming for 116400-117000. If it stabilizes, the upward channel will reopen. (If it breaks 112500 with volume, switch to short, targeting 110500 for a short position)