August is about to welcome the end of the monthly line, how to operate in the future market of Bitcoin

Strong holds strong, weak holds weak. The market surged in early to mid-August, but started to plummet from mid to late August. The similarity between the big ups and downs is that there were not many pullbacks during the uptrend and not many rebounds during the downtrend. If you don't act aggressively, you won't even have the chance to get on board...

We have directly adjusted Bitcoin and Ethereum from this round's peak to around 11.2/4060, and we have repeatedly emphasized that "one should not blindly chase after a rise below the double low support." Just with this mindset, you can outsmart 85% of people.

After a few days of sharp decline, there have been two consecutive days of weak consolidation. According to the current trend, the rebound momentum is quite weak, and Bitcoin has not even touched the 11.5/4400 mark, continuing to face downward pressure.

The Jackson Hole Global Central Bank meeting has become a key point for this stop in decline, as the market is gathering for guidance from this conference.

At this stage, weak consolidation is still ongoing, especially for Bitcoin, which is relatively strong, after all, it has stabilized above 4200. Going forward, continue to pay attention to the resistance at the 11.5/4400 mark above. If it does not break in the short term, maintain a high adjustment; if it breaks below the double low, one can boldly chase.

Tomorrow, Friday evening, it is not ruled out that there may be a rebound influenced by the annual meeting. If there is a rebound, the key division between long and short positions is located at two places: the 11.6/4500 mark. Still, the short-term weak consolidation and rebound are all for a better decline in the future market...$BTC