Bitcoin Market Analysis
On August 25, BTC is currently around 111,500, with intense bullish and bearish competition. Here are some personal thoughts for reference👇
🔹Key Levels
Support Level: 110,500-112,000 (Important Defense Line)
Resistance Level: 114,500 > 116,000-116,500 (Needs Breakthrough)
🔹Trading Ideas
Short-term Focus:
· Short-sell lightly in the 113,800-114,500 area, aiming for 112,000-111,000
· Or, buy lightly in the 111,500-112,000 area for a rebound, aiming for 113,500-114,000
Remember to strictly set stop-losses, and be quick in and out!
Medium to Long-term Suggestion:
Patiently wait for stabilization signals in the 108,000-110,000 area before looking at above 120,000
Consider staggered allocations, focusing on long-term value
🔹Risk Warning
· Strictly control position size (single trade <10%)
· Be sure to set stop-losses
· Be alert to extreme volatility
The market changes rapidly, and personal views are for reference only and do not constitute investment advice. Pay attention to risk management and make rational decisions~
