How to navigate BTC on Sunday afternoon? Both technical and macro aspects are explained clearly, along with Long Ge's trading strategy.

Brothers, keep an eye on BTC this Sunday afternoon; these key points must be understood clearly, so you don't get misled by the market.

First, let's understand the technical aspects: On the resistance side, $116,200-$117,500 is a tough barrier, with the 4-hour EMA cluster overlapping the Fibonacci 38.2% retracement level, making it difficult to break through in the short term; further up, $118,000 is a psychological level, breaking it could force shorts to cover, potentially accelerating the rise. On the support side, $114,500-$115,000 is the dividing line between bulls and bears, with the VWAP moving average and Fibonacci 50% retracement level providing support here; if it can't hold, it's dangerous; lower down, $113,000 is strong support, breaking below could trigger panic selling.

There are also macro movements: The expectation of the Federal Reserve lowering interest rates in September has soared to 87%-91%, with easing expectations supporting risk assets, BTC could benefit, but we need to guard against a sudden policy shift; coupled with a weakening dollar index, it's a small positive for BTC priced in dollars.

The short-term direction is very clear: stabilizing above $116,200 with volume would allow a push towards $117,500-$118,000, even touching the previous high of $120,000; if it breaks below $114,500, it's likely to retest $113,000, and if it can't hold there, watch for $111,700.

Finally, let's look at Long Ge's trading strategy: in the afternoon, wait for BTC to rebound to around $115,300-$115,800 to short, targeting $114,500-$113,800. Remember, the market changes too quickly; no matter how you trade, always have a stop-loss in place. #BTC