Mr. Coin in the Coin Circle: 8.18 Bitcoin (BTC) Market Analysis Reference
The intraday Bitcoin market continued to fluctuate, with a daily fluctuation range of less than 1,000 points. The coin price repeatedly tested 59,700 and was blocked, leaving the coin price in a stalemate between long and short sides. As of now, the oscillation pattern has not changed, the upper side is still under pressure, and the range is constantly shrinking. The moving average maintains a parallel posture. The overall trend is relatively flat. There is no sign of a break in the short term. In the long term, consider following the trend after the breakthrough.
From the daily chart, the overall sentiment is still biased towards bearish sentiment. The coin price is still below the central axis, which shows that the upper selling pressure is strong. At present, due to the failure to break through the key pressure of 60,000, the long and short sides began to stalemate, and the market maintained a wide range of fluctuations, but the overall downward trend has not changed, so the intraday thinking is mainly rebound short. Friends who are not sure can wait and see or consider following the trend after seeing the breakthrough situation.
8.18 Bitcoin short-term reference
Short orders in the range of 59,600-60,000 are lightly short, defense is 61,500, stop loss is 61,800, and the target is below 58,500.
Short order 2, 60,500-60,800 short orders, defense is the same as above,
Long orders focus on the range of 57,000-57,500, stop loss is 56,500, and the target is above 58,000.
There is a delay in sending the article. The strategy suggestions are for reference only. The market changes rapidly. No matter how good your judgment of the market is, you must take the stop-profit and stop-loss measures and put the money in your pocket. $BTC $ETH