【🚀Bitcoin August 20 Market Overview】
📉Current price around $113,600, fluctuating downward during the day, market sentiment is cautious (Fear and Greed Index 44). Key support at $112,000/$109,500, resistance at $117,500/$120,000. $450 million liquidated across the network in 24 hours, with BTC accounting for $100 million.
🔍Technical Analysis:
· 4-hour chart shows bearish moving averages, super trend turns bearish
· Daily chart shows a "Evening Star", facing short-term pressure
· Capital outflow trend (CMF indicator turns negative)
💡Operational Reference (Risk at Your Own Expense):
✅Short: Lightly short near $114,300-$114,600 or $117,500 on a bounce, stop loss set 1-2% above, target at $112,600-$111,700
✅Long: If it falls to $111,500-$112,500 or $109,500-$110,000 and stabilizes, gradually build positions, stop loss set below, target at $115,000-$116,000
⚠️Remember: Focus on short-term, profit to break even, strictly control positions!
🌪️Events to Watch:
· Tomorrow morning's Federal Reserve meeting minutes
· Trends from the Jackson Hole central bank annual meeting
· Sudden movements in whale addresses/policy news
✨Summary:
Short-term trend is to go high on short positions, and in the medium to long term, wait for support areas to build positions gradually. The market is highly volatile, make sure to manage risks well!
(For reference only, not investment advice)
