8.24 Bitcoin (BTC) Market Analysis Reference

The intraday Bitcoin market experienced a pullback in the evening. Although bullish sentiment has shown signs of recovery, the price did not break through the resistance level of 117500 during the morning uptrend. The upward movement has gradually weakened, and after facing resistance, the market has entered a range consolidation. Overall, the market has calmed down over the weekend.

Looking at the short-term 4-hour chart, although the price has pulled back, it is still above the mid-axis. The overall trend has not broken the intraday range consolidation. On the daily chart, Bitcoin's performance is weaker than Ethereum. Additionally, the previous rebound did not effectively break through the daily mid-axis resistance, so the market is likely to continue within the previously established wide-ranging oscillation. Therefore, the subsequent strategy is to maintain high short and low long positions.

8.24 Bitcoin Short-term Reference:

Short entry point 116500-117500 short, stop-loss at 119500, target below 115500, stop-loss: 500,

Long entry point 114200-113200 long, stop-loss 500, protect at 111000, target above 115000,

The article is sent with a delay; the strategy suggestions are for reference only. The market is ever-changing. Regardless of how accurate your market judgment may be, always ensure to set your take profit and stop-loss. Secure your profits #ETH创历史新高 #杰克逊霍尔会议 #BTC #ETH