【8.22 Early Morning BTC Strategy】Cautious Observation, Waiting for Direction Choice
The current market is in a volatile pattern following a high-level correction, with bulls and bears fiercely contesting at key positions. Although the daily trend has not deteriorated, the short-term is clearly biased towards the bears, and market sentiment has shifted from greed to caution.
Key Positions are Clear: ⚡️Bull-Bear Lifeline: 112,000-113,000 ⚡️Strong Breakthrough Point: 115,500
Suggested Operations: 📍Conservatives: Maintain observation, use 115,500 (upward break) and 112,000 (downward break) as two decision points, and wait for clear direction before entering on the right side 📍Aggressive Traders: Can attempt to go long with a very small position near 113,000, with strict stop-loss at 111,500, aiming for 115,500
Focus on Powell's speech at the Jackson Hole annual meeting tonight, as this will be the biggest variable in the short term. Before the speech, the market will likely maintain narrow fluctuations, so it is advisable to control positions and manage risks well.
Remember: In the current market, surviving longer is more important than making more profits. Have a good plan, adhere to strict discipline, and you will be able to respond calmly.
