8.5 Tuesday Morning Thought Analysis
Last night, after taking profit on the long positions of Bitcoin, a public alert was issued across the network that a direct short could be made if 115500 was not broken, and the subsequent short position captured another 1000 points. Did you follow along?
Currently, it seems that after Bitcoin broke through to around the 115700 point line, there is obviously insufficient momentum and it has begun to pull back. From the 1-hour K-line of Bitcoin, the price has started to decline, moving from the upper Bollinger band to above the middle Bollinger band, indicating a downward trend. At this point, we are looking at the support near the middle band, as the previous pullback found support near the middle band before it rebounded, and the upward space this time is higher than last time.
This is a continuous breakthrough of the upper pressure level, and the morning thought is still mainly focused on going long at lower levels.
Morning Operation Suggestions
Go long between 114300 and 114800 for Bitcoin, targeting 116000. After breaking through, continue to target 117000; if it doesn't break, you can go short in the opposite direction.
