8.25 Early Morning BTC Analysis

After the whale switched to ETH and the anticipation of interest rate cuts, Bitcoin stagnated while altcoins surged, resulting in a spike early in the morning. Fortunately, Xing Ge anticipated this early on and raised the stop-loss in advance, repeatedly reminding everyone of the resistance above and the strength of support below; if one still gets trapped, then there is really no hope.

From a technical perspective, there is a five-wave downward movement + a significant spike early in the morning. The weekly upward trend has been broken, and the daily MACD has returned below the zero axis (the spike at 110500 quickly retracted to 112500); the upper Bollinger Band on the 4-hour chart is under severe pressure, and as the end of the month approaches, the monthly close is imminent. The daily support at 112500 is particularly important. Before neither the bulls nor the bears have effectively continued, we adopt a strategy of “buying low on the left side” and “shorting on the right side,” after all, I see 130,000 in September!

First resistance level: 114200-114800

Second resistance level: 116400-117000

Minor support: 112500, second support: 110500