August 23 BTC Trading View

With the old hawk turning dovish, BTC's big bullish candle shot straight to the sky, showing that technicals are vulnerable in the face of news! The downtrend was instantly shattered! How should we face the upcoming fluctuations?

BTC has surged to test the daily resistance at the 116700 area, with a violent rebound of over 5000 points from the bottom. If the 116700 level can successfully break and hold, we can look at 118300 here.

For the next operations, we can first short at the high of 116700, with the lower target at 114700.

(If 116700 is broken and holds, then the next position can be chosen to short again at 118300.)

Currently, it is important to note that if 114700 does not break on a pullback, we can confirm that the high-level correction has ended, and then we need to shift our mindset, and start buying on the pullbacks low! #比特币大涨