8.23 Morning Bitcoin Aunt

Bitcoin Aunt surges, Powell releases dovish signals, and market expectations for a rate cut in September continue to heat up. Positive macro factors keep emerging, driving Bitcoin to strengthen accordingly. Currently, Bitcoin is still at the end of a descending wedge pattern, with 1186 as a key resistance level. If it can successfully break through, the upward momentum may accelerate, with a possibility of breaking 120,000. At present, Aunt has reached a new high, absorbing a large amount of funds, and 5,000 seems to be becoming a reality.

From the current market perspective, Bitcoin is oscillating around 1170, fluctuating a few hundred points up and down. Generally, after a significant market movement, there tends to be a back-and-forth oscillation to stabilize; however, Bitcoin currently shows no signs of a pullback trend. A fluctuating market can be expected on Saturday.

Trade Bitcoin by selling high and buying low in the range of 1163 to 1175, manipulating both sides. If either side breaks, it may continue the oscillation trend (downward or upward oscillation).

Aunt breaks new highs, and you can lightly buy on dips. The upper pressure is at 4910; if broken, it can continue to rise. #比特币大涨