8.25 Evening BTC Market Analysis

From the 1-hour candlestick chart, Bitcoin price showed a downward pin insertion movement in the early hours, followed by a slight rebound in the morning. However, the strength of this rebound was limited, and it was difficult to continue breaking upwards after touching around 113500 points. Since then, the price has been declining steadily. As of now, the pressure level of 111000 points is precarious and seems about to be lost.

Through technical indicator analysis, we found that the two lines of the MACD indicator have been running downward to near the bottom, and the short selling momentum is also gradually weakening, which usually means that the long buying power is about to begin to increase. In addition, the three lines of the KDJ indicator are also running downward and are also approaching the bottom, beginning to show an upward rebound trend. Based on the performance of these technical indicators, the overall "buy low" operating strategy remains unchanged.

Big Brother's evening strategy: Go long when the Bitcoin price is in the 110400 - 110900 range. First look at 113500. #币圈 $BTC