【2024-8-14 BTC Trend Analysis】
At present, Bitcoin is likely to pull back in 1 hour. The rise is obviously resisted. You can see that if Bitcoin can break through the daily line recently: 63435.7, then the overall outlook is bullish. This is the biggest pressure point. If the small cycle does not fall below 61131.9 in the current 1 hour, you can continue to make short-term long orders. If you want to do long-term, it is better to wait for the daily line to stand above 63400. It will be safer. (Warm reminder: If you don’t understand the market, try not to do altcoins)
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