8.5 Tuesday Afternoon Analysis and Suggestions

Looking back, the morning's market situation was characterized by a downward trend, moving from the high point of 115300 down to around 114200, and currently the price is hovering around 114200.

Looking at the chart, the major asset's movement shows a W-shaped fluctuation, with several attempts to break through the key resistance level of 116000 but falling back down each time; the pressure above is quite significant, and it has not broken through yet, indicating that the downward force is relatively strong. Furthermore, looking at the four-hour chart, the major asset and the secondary asset have similar trends, both having broken below the middle band of the Bollinger Bands. Although there appears to be an upward channel, several attempts to rise have not stabilised successfully, and the pressure above remains high. It may decline next, or it might make a brief attempt to rise before dropping again. The short-term strategy remains the same: wait for a slight rebound before considering short positions.

Suggestions

For the major asset, consider shorting around 114500-115000, and look for support around 113500-113000.

For the minor asset, consider shorting around 3670-3700, and look for support around 3630-3600. #BTC走势分析