August 24 BTC Trading View

Yesterday's plan to enter at 116700 and exit at 114700 was perfectly achieved, I hope everyone benefited! Then, I opened a short position at 114700 and successfully exited at 115500.

Currently, BTC is in a low liquidity state over the weekend, and without the support of the US stock market, the Asian market on the weekend really can't stir up any waves. Overall, Friday's surge, although strong, has not yet broken the resistance formed at the daily level, and the bulls have not yet shown a clear organized upward attack. However, there should be an attempt to break upward in the afternoon to evening on Sunday, so it might be worth trying near the small-level support.

For the next operation, you can try entering around 114500, with the initial target at 115600 and then potentially looking at 116700. Only by breaking through 116700 will there be a chance to test the resistance at the daily level.

One thing to note is that if 115800 cannot be broken and held, then a pullback will continue, and we should pay attention to whether the support around 113800 effectively forms a defense line.