The market trend is exactly the same as the ideas given!

Analysis of Bitcoin's early trading on Monday, August 12

Yesterday, the Bitcoin market was in a state of shock and repair. Until the late trading node, the price of the currency spiked and reached the highest level of 62,000, but the bulls did not stabilize and continue, but encountered resistance and fell back to the lowest level of 58,255 to stop the decline and rebound. The current situation is running around 59,200.

In terms of operation, yesterday's late trading clearly pointed out the bearish idea of ​​Bitcoin. The intraday market also went down as expected, which perfectly verified the late trading idea. The bears harvested thousands of points of space as expected and steadily pocketed them!

From the technical structure of the four-hour chart, the three Bollinger bands are running in a state of shrinking and divergence. After the K-line oscillated and repaired above the middle track, the bulls did not stabilize and continue, but were under pressure and went down weakly all the way. There was not much rebound in the middle, which is enough to show that the overall trend of the market is still very weak, and the bears still have room to explore further, so in terms of operation, a small rebound is given to continue to be bearish, and you can go long when the bottom support is not continued!

For specific points, please refer to

Bitcoin 59400-60000 area to enter short orders in batches. Looking back at the area 58300-57800, there is no continued downward movement, so you can directly go long. Defense combined with your own position will take 800 points of space! #TON #BTC走势分析 #美国7月非农就业增长放缓 #美联储何时降息？ #加密市场反弹