$BTC 08.24 Bitcoin Long Position Last Location
✅ Bitcoin surged to 117300 and then pulled back. Yesterday emphasized that strong breakouts are influenced by emotions and may not last; chasing long positions could be fatal, only pullbacks should be used to enter long positions, today’s pullback shows a downward trend
✅ Yesterday, entry at 114888 only moved up by 800 points, which can only yield a small profit; Auntie is doing well, increasing by 100 points. So can we enter again on today’s pullback?
✅ There is only one opportunity left. 114488-113488 is the last defense point for Bitcoin bulls. If this level breaks, the bullish structure may fail, indicating further declines, with final shakeouts occurring around the time of interest rate cuts
✅ The most ideal situation is for 114488-113488 to hold, then rise to 119100-120300 to decide the direction
⚠️ Therefore, trying out the 114-113 range is an option, but a stop loss must be set if it breaks