8.20 Dong Yan's Intraday Thoughts
Looking at the daily chart of Bitcoin, after completing the 'door' pattern, it has now formed an 'inverted V' shape, currently finding some support around 1120. Although it has dropped by more than 10,000 points in a few days, it's still a bit early to say the bull market has ended; rather, it's more of a normal pullback and consolidation after a significant rise. The overall trend remains bullish. In the short term, it can continue to buy around the lower levels.
Bitcoin: 1125-1130 long, target 1155/1168;
Altcoin: 4050-4100 long, target 4250/4360. $BTC $ETH #币安HODLer空投PLUME
Looking at the daily chart of Bitcoin, after completing the 'door' pattern, it has now formed an 'inverted V' shape, currently finding some support around 1120. Although it has dropped by more than 10,000 points in a few days, it's still a bit early to say the bull market has ended; rather, it's more of a normal pullback and consolidation after a significant rise. The overall trend remains bullish. In the short term, it can continue to buy around the lower levels.
Bitcoin: 1125-1130 long, target 1155/1168;
Altcoin: 4050-4100 long, target 4250/4360. $BTC $ETH #币安HODLer空投PLUME
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