8.23 BTC Market Analysis

In the BTC market on August 23, a critically significant market feature emerged—bottoming out and rebounding, marking a major reversal in trend. The previously sustained downward wave structure was strongly broken, and a prominent bullish candlestick pattern appeared on the daily K-line chart. Meanwhile, bullish momentum surged like a released dam, significantly increasing trading volume. This series of signals unmistakably established that the overall market trend has shifted from being bear-dominated to bull-controlled.

Based on this market pattern, from a broader cyclical perspective, investment strategies should logically focus on a bullish outlook. However, investors need to be particularly cautious that in the early stages of a trend reversal, the market will not simply surge forward without any signs of retracement. Due to the short-term technical landscape's need for repair, price pullbacks are a normal occurrence in the market. On the contrary, these pullbacks actually create key buying opportunities for investors, marking a moment not to be missed for positioning.

Big Brother's Operational Advice: Consider buying around 115200 near #币圈 $BTC