August 20: Bitcoin
Currently, Bitcoin is oscillating around the key support level of 113500 but has not been able to break through the upper resistance, indicating fierce competition between bulls and bears. If the support level fails after multiple tests, it may trigger a new round of decline; conversely, if it breaks through the resistance level with increased volume, it may lead to a short-term rebound.
Trading suggestion: Short near the rebound around 113500-113988, targeting 112490, 111680 downward.
If the price rebounds to around 113988 and faces resistance at that moving average, it can be seen as a shorting opportunity. If it breaks through and holds above, the trend needs to be reassessed.
Strategies have a time sensitivity, so make sure to set stop-loss orders when entering. For those unsure, give a like and follow, and you can always call on Brother Qiang; we’ll help you keep an eye on the market! #BTC☀️ #加密市场回调 #山寨季何时到来? #Strategy增持比特币 #币安HODLer空投PLUME