8.24 Morning Weekend Market Overview: Is BTC breaking through resistance to continue rising or facing a pullback?

$BTC BTC is moving in a bullish descending wedge channel. As long as it breaks above the descending trend line at 11.56 and stabilizes, it is advisable to go long, with a stop-loss at 11.47 and targets at 11.67 and 11.78; conversely, if it breaks down and falls back, forming a false breakout, it is advisable to go short, with a stop-loss at 11.67111 and targets at 11.47 and 11.36.

Near the lower trend line around 11.36, one can ambush a low long position with a stop-loss at 11.26 and targets at 11.45 and 11.56; weekend liquidity is lacking, so watch for significant fluctuations in the evening session.

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