8.21 Bitcoin (BTC) Latest Market Analysis
The current price of Bitcoin is 114,000. It is currently 1:30 AM Beijing time. The highest point before the publication of the daily candlestick was 114,330. The market has reached the mid-level support, and friends holding over 3,000 can consider locking in some profits. The remaining opportunities are just icing on the cake. While holding short positions, you can also open a long position near 112,000. The daily candlestick has pulled back and stretched to the EMA60 resistance level, with the lowest point reaching 112,380, not hitting the Bollinger Band lower support of 111,200, and a rebound occurred. There's no need to rush; just wait. The four-hour candlestick currently continues the short-term descending channel, and the EMA trend indicator is expanding downwards and just finished alternating. A pullback in the candlestick is normal. Pay attention to the upper resistance level of 115,500 and the short-term resistance level of 114,500 in the volume range, coupled with the Bollinger Band middle track resistance level of 115,000. If the short-term middle track does not break, the trend remains bearish; if it breaks, consider a short-term bullish trend.
Short-term Reference: Small Loss, Big Profit is the Goal
For the upward trend from 112,000 to 111,500, with a defense at 111,000, stop loss of 500 points, and targets looking at 113,000 to 113,500, breaking to watch 114,000 to 114,500.
For the downward trend from 114,500 to 115,000, with a defense at 115,500, stop loss of 500 points, and targets looking at 113,500 to 113,000, breaking to watch 112,500 to 112,000.
Specific operations should be based on real-time market data. The publication of this article may be delayed; suggestions are for reference only, and risks are borne by the reader.
